About: Payment Services Directive

Economy & Jobs 26-09-2019

EU divided over implementation of payments directive

The European Commission questioned on Wednesday (25 September) some member states’ decision to grant at least 18 months to banks for the full implementation of the European Payments Services Directive 2, which requires stronger authentication procedures for online payments.
Digital & Media 26-09-2017

Tech industry sounds alarm over draft online payment rules

Twenty-seven e-commerce companies and lobby groups have asked the European Commission to change a draft proposal to regulate payment services, arguing that additional security measures will drive shoppers away from online platforms.
Digital & Media 21-11-2014

Scope and level of card caps remain in dispute

SPECIAL REPORT: EU lawmakers disagree over the level and scope at which card payments in Europe should be capped as the issue goes into trilogue in advance of its adoption anticipated early next year.
Euro & Finance 04-07-2014

Italian presidency must prioritise card fees legislation, say businesses and consumers

Consumer and business organisations have called on the Italian Presidency of the EU and new European Parliament to make legislation capping payment card fees its “absolute priority.”
Euro & Finance 24-06-2014

More than half of retailers will not pass on capped card fee savings to customers

More than half of high value retailers will not pass on savings from the proposed EU cap on interbank fees on card payments to their customers, and instead invest the money into their business, according to new research.
Euro & Finance 28-03-2014

Parliament gears up for payment card fee vote

The EU proposal for a Payment Service Directive designed to limit interbank fees on all card payments will be voted on during the 3 April plenary sitting. EURACTIV France reports.

New payment services lack security standards, officials warn

Proposed rule changes designed to introduce more competition in the credit and debit card markets lack standards to protect consumers from fraud and data security breaches, officials told the European Parliament on Tuesday (7 January).

New players cause headaches for mobile payments standards

The multitude of interested stakeholders attempting to break into novel mobile payments (m-payments) markets is holding up the creation of common standards, a leading standards body representative has admitted.
Euro & Finance 25-07-2013

EU eyes €6 billion savings from credit, debit card fee caps

The European Commission tabled proposals yesterday (24 July) aimed at reducing the cost of using payment cards for consumers, setting new fee limits at 0.2% and 0.3% of the transaction value for debit cards and credit cards respectively.
Euro & Finance 19-07-2013

Commission to go ahead with cap on card fees

The European Commission will table proposals next week (24 July) aimed at reducing the cost of using payment and credit cards for consumers. The draft regulation, seen by EURACTIV, will set new fee limits at 0.2% and 0.3% of the transaction value for debit cards and credit cards respectively.
Public Affairs 19-07-2013

Barnier slams ‘unacceptable’ MasterCard lobbying

The EU Commissioner for the internal market and services, Michel Barnier, told French journalists in Brussels yesterday (18 July), that he “was very struck by an unusual campaign – an American campaign” he faced from MasterCard.
Euro & Finance 11-07-2013

New mobile payment systems pose regulatory, security challenges

SPECIAL REPORT / An updated Payment Services Directive (PSD II), to be published by the European Commission this month, will struggle to cover regulatory and security challenges posed by a range of new mobile payments services expected to explode onto the European scene over the next two years.
Euro & Finance 10-07-2013

Cultural differences challenge European single payments area

SPECIAL REPORT / New rules to promote a Single European Payments Area (SEPA) will be presented this month, but the EU executive faces cultural as well as regulatory hurdles in attempting to promote online and mobile payments across the EU.
Euro & Finance 09-07-2013

Consumer groups divided over benefits of lower payment-card fees

SPECIAL REPORT / Forthcoming European Commission proposals aimed at reducing charges for payment cards have ignited a debate over whether consumers will benefit, based on previous experiences in Spain and France.
Euro & Finance 08-07-2013

EU’s new payments directive to cap fees, ignite consumer debate

SPECIAL REPORT / Forthcoming European Commission proposals that are aimed at levelling the playing field for payment cards across Europe are likely to ignite disputes over new market entrants and consumer benefits.
Competition 13-06-2013

EU consults rivals, customers on Visa Europe probe

EU regulators asked Visa Europe's customers and rivals to assess its offer to cap inter-bank credit card fees at the same level as competitor MasterCard, a concession intended to end an antitrust investigation and avoid a possible fine.
Euro & Finance 24-05-2012

EU wins landmark ruling over credit, payment card fees

Mastercard lost a challenge to an EU ban on its cross-border card fees in a ruling that puts rival Visa Europe squarely in the sights of the European regulators over its charges.
Digital & Media 22-12-2011

EU plans next move as Google, Visa jostle for ‘eMoney’

The European Commission is following with interest the battle between Google and Visa, which have both stepped up their offers of "digital wallet" services. EURACTIV has seen a draft of a public consultation document that the EU executive will launch in January on internet and mobile payments.  
Brexit 22-09-2010

MEPs back EU ‘trust mark’ for websites

The European Parliament has backed the idea of a new 'trust mark' to give consumers peace of mind when shopping online, urging Brussels to come up with proposals on the issue.
Euro & Finance 29-01-2010

Mobile payments face an uncertain future

Even though France will be unveiling the EU's first payments via mobile SIM cards this year, so-called m-payments face an uncertain future as phone operators worry about their bottom lines and consumers wonder who will be tracking their payments.
Euro & Finance 26-01-2010

EU direct debit rules open to fraud, says consumer group

The potential benefits of the Single Euro Payments Area (SEPA) are in danger of being outweighed by the risks as consumer groups' warnings fall on deaf ears, according to a letter sent by European consumers' organisation BEUC to MEPs and diplomats yesterday (25 January).
Euro & Finance 25-01-2010

Europe’s winding road towards a payment revolution

Payments in 31 European countries are about to get faster, cheaper and easier once the EU's ambitious Payments Services Directive is fully translated into national law. However, member states have begun to opt out of some parts of the rulebook, making a level playing field harder to attain.
Euro & Finance 29-10-2009

Banks not buying in to Single Payments Area

While the EU admits its plan to create a Single Euro Payment Area (SEPA) across Europe will take longer than expected, consumer and banking groups argue that the scheme needs to be revised before it is rolled out any further.
Euro & Finance 07-04-2009

Visa told to reduce transaction fees

The European Commission sent a formal statement to Visa on Friday (3 April), announcing its intention to bring an antitrust case against the credit card firm for over-charging its fees.