BEUC has a seat on the European Consumer Consultative Group (ECCG) and experts from its member organisations participate in various European Commission advisory groups, such as the Agriculture DG’s agricultural advisory groups or the Internal Market DG’s Payment Systems Market Expert Group (PSMEG).
The payment sector includes a wide range of services, such as inter-bank payment systems (Target, Euro1, etc.), corporate and retail payments and payment cards. Competitors commonly participate in co-operative arrangements in this sector, and these could give rise to competition concerns. The Commission, and competition and regulatory authorities all over the world, actively investigate anti.
EFPIA welcomes that the Commission has laid out key reform needs in the recently published proposals for Country Specific Recommendations within the European Semester, e.g. relating to a sustainable workforce, strengthened primary care and e-health investments. Though healthcare systems are primarily a Member State responsibility, some investments would clearly benefit from a common European.The European Commission has exempted corporate payments from draft security authentication measures that had threatened to make lodge cards, virtual cards and other forms of business travel payment unworkable. The exemption to regulatory technical standards for the revised Payment Services Directive, or PSD2, follows two months of concerted lobbying by payment and travel industry.This page is maintained by the European Commission. The information on this page does not necessarily reflect the official position of the European Commission. The Commission accepts no responsibility or liability whatsoever with regard to any information or data contained or referred to in this document. Please refer to the legal notice with regard to copyright rules for European pages.
Rene Plank Deputy Head of Unit at European Commission - DG Competition, Antitrust Payment Systems Brussels Area, Belgium Legal Services.Read More
The IFR is European Union (EU) legislation that took effect on 8 June 2015 and brought major changes to the way UK card schemes (such as Visa and Mastercard) operate, most notably by introducing a cap on certain interchange fees applicable to payment cards.The Treasury designated us as the lead competent authority for the IFR in the UK in the Payment Card Interchange Fee.Read More
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof, Having regard to the proposal from the European Commission, After transmission of the draft legislative act to the national parliaments, Having regard to the opinion of the European Central Bank1, Having regard to the.Read More
The European Commission, for example, could propose legislation obliging payment service providers to adopt instant payments within a certain period if a critical mass has not been reached by, say, the end of 2020. Other regulatory changes may be needed in due course. For its part, the Eurosystem stands ready to provide additional technical assistance where useful and required. For example, we.Read More
European Commission - Press Release details page - Introduction Almost eight months after the Commission launched its work programme to improve cross-border payment systems, the initiative is beginning to bear fruit. The European banking federations have agreed to implement the Commission's User Charter, which as of January will begin to bring the speed and price of international money.Read More
The commission is looking at whether Apple Pay's rules require online stores to make it the preferred or default option - effectively shutting out rival payment systems.Read More
The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro.As of 2020, there were 36 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom.Read More
LONDON, Oct 4 (IFR) - The European Commission has backed The European Central Bank's bid to gain regulatory authority over central counterparty clearinghouses, including those that operate from.Read More
Payment systems in the European Union, Blue Book, second edition April 1996 (data for the period 1990-94) Payment systems in EC Member States, Blue Book, Committee of Governors of the Central Banks of the Member States of the European Economic Community, September 1992; In 1999 and 2002 the ECB also prepared descriptions of the payment and securities settlement systems in the then accession.Read More
Speech by Neelie Kroes on payment systems after the MasterCard decisionby PLC CompetitionRelated ContentOn 14 January 2008, the European Commission published a speech by Neelie Kroes, Competition Commissioner, on the impact of the Commission's prohibition decision relating to MasterCard's multilateral interchange fee on European payment systems under the Single Euro Payment Area (SEPA).Read More