Articles with tag: european commission

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European Commission launches public consultation for eIDAS Regulation

31 Jul 2020 | Digital Identity, Security & Online Fraud

The Commission has launched a public consultation on the revision of the the eIDAS Regulation, involving electronic identification and trust services for electronic transactions.

European Commission, public consultation, eIDAS regulation, electronic identification, trust, electronic transactions, e-signatures, digital identity, Europe, European Digital Identity, cross-border legal framework, authentication, EU

Worldline launches offer for Ingenico shares

30 Jul 2020 | Online Payments

Autorité des Marchés Financiers (AMF) has announced that the Worldline’s offer for Ingenico's shares and OCEANEs will open on July 30, 2020.

OCEANE, Worldline, Ingenico, European Commission, AMF, Autorité des Marchés Financiers, merger, acquisition, France, Europe

Bankera launches business loans for digital SMEs

28 Jul 2020 | Online & Mobile Banking

Lithuania-based fintech Bankera has started to offer business loans for small and medium-sized enterprises (SMEs). 

Bankera, business loans, SMEs, digital sector, covid19, Bankerea Business Loans, European Commission, hackathon, lending solution, Lithuania, Europe, business invoice financing, refinancing, short-term lending services

The A-Z of the Interchange Fee Regulation and how it shifts the industry – Interview with Payments Europe

24 Jul 2020 | Online Payments

Robrecht Vandormael, Secretary General from Payments Europe, explains the impact of the European Interchange Fee Regulation on merchants, card issuers, and payment providers and what we can expect from the future.

Robrecht Vandormael, Payments Europe, Interchange Fee Regulation, Regulation on Interchange Fees for Card-based payment transactions, European Commission, EY, Copenhagen Economics, interchange fees, cards, credit cards, card issuers, Belgian Minister of Economy, PSD2, SCA, payments, POS, merchants, retail, ecommerce

EU's proposed framework for crypto assets market

23 Jul 2020 | Cryptocurrencies

The European Commission has concluded a public consultation on crypto assets in March 2020 which follows detailed due diligence, according to Forbes.

European Commission, EU, framework, Europe, Forbes, crypto assets, market, virtual currencies, European Parliament, blockchain observatory, legislation, European Securities and Markets Authority, ESMA, European Banking Authority, EBA, European Crowdfunding Service Providers Regulation

PayPal confirms plans to enter the crypto market

17 Jul 2020 | Cryptocurrencies

Digital payments company PayPal has published a letter to the European Commission revealing that is developing crypto-asset management capabilities.

PayPal, crypto, digital payments, European Commission, crypto-assets, cryptocurrency market, AML, CFT

Austria, Belgium, and the Netherlands referred to the Court of Justice of the EU for AML failings

06 Jul 2020 | Digital Identity, Security & Online Fraud

The European Commission has referred Austria, Belgium, and the Netherlands to the Court of Justice of the European Union.

European Commission, AML, AMLD4, betting, gambling, financial authorities, Austria, Belgium, the Netherlands

The pan-European payment system initiative to be launched very soon

01 Jul 2020 | Online Payments

Twenty big European banks are getting ready to create a payment standard called the Pan-European Payment System Initiative (PEPSI), reports Electronic Payments International.

Pan-European Payment System Initiative, PEPSI, payments, banks, European Central Bank, ECB, European Commission

FCA orders Wirecard to suspend activity in UK

29 Jun 2020 | Online Payments

The UK Financial Conduct Authority has ordered Wirecard to suspend operations in the UK and warned it not to dispose of any funds, following the companies' insolvency filing in Germany.

FCA, Financial Conduct Authority, Wirecard, Wirecard scandal, Germany, Europe, payments company, financial authority, European Commission, payments company, European Securities and Markets Authority

Europe-based fintechs to launch a new cross-border organisation

25 Jun 2020 | Payments General

A group of Europe-based fintechs have joined forces to launch a new non-profit organisation, the European Fintech Association (EFA)

Europe, fintech, cross-border, EFA, European Fintech Association, non-profit, EU, financial services, Raisin, savings marketplace, SaaS provider, Finleap, alternative lender, Funding Circle, wealth management, Moneyfarm, digital bank, N26, money transfer, TransferWise, European Commission, digital finance strategy, Mintos, Scalable Capital, TrueLayer, Wirecard

European Commission promises 'strong' rules for Facebook's Libra

25 Jun 2020 | Cryptocurrencies

The European Commission has announced plans to present later in 2020 new rules to develop a ‘sound’ crypto-asset market in the EU.

European Commission, Facebook, Libra, stablecoins, crypto assets, cryptocurrency, regulation

Apple Card rolls out its Apple Card Monthly Installments financing programme

17 Jun 2020 | Cards

Apple has announced the expansion of its Apple Card Monthly Installments financing programme, available on purchases of Macs, Apple TVs, AirPods, and others.

Apple, US, Apple Card Monthly Installments, Apple Card, Apple Card holders, Apple Wallet, cash backs, European Commission, antitrust investigation, Apple Pay

The European Commission opens antitrust investigation into Apple Pay

17 Jun 2020 | Mobile Payments

The European Commission (EC) has opened an investigation into Apple Pay to assess whether Apple's conduct violates EU competition rules.

The European Commission, EC, Apple Pay, merchants, tap and go, antitrust investigation, Spotify, Kobo

Bigtech will have to share data under EU proposals

26 Feb 2020 | Payments General

Dominant tech companies will have to open up their troves of data to smaller rivals, as other sectors such as financial services already do, the European Commission said.

 

Bigtech, data, European Commission, banks, technology

European price-comparison shopping services say Google still playing unfairly

29 Nov 2019 | Ecommerce

Idealo, Axel Springer’s price-comparison shopping service and 40 other European peers, have accused Google of tilting the playing field in its favour.

Idealo, Ceneo, Kelkoo, Foundem, Google, Heureka, EC, European Commission, fine, ecommerce, price comparison

German regulator BaFin takes action to enforce bank compliance to PSD2

16 Aug 2019 | Online & Mobile Banking

German Federal Financial Supervisory Authority BaFin has warned banks that it cannot offer fallback exemptions under PSD2 considering the current level of compliance in applications.

German Financial Supervisory Authority, BaFin, PSD2, TPP, ETPPA, Ralf Ohlhausen, TPP accreditation, TPP compliance, PSD2 compliance, European Commission

EU publishes guidance on free flow of non-personal data

03 Jun 2019 | Digital Identity, Security & Online Fraud

The European Commission has published a new guidance on the interaction of free flow of non-personal data with the EU data protection rules.

European Commission, GDPR, data, personal data, no personal data, cybersecurity, innovation, SMEs, Europe

Mastercard, Visa agree to cut overseas card fees

01 May 2019 | Cards

Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission.

Mastercard, Visa, the EU, European Commission, card fee, credit card

Europe calls for participants to pilot AI ethics rules

09 Apr 2019 | Payments General

The European Commission has announced intentions to pilot a draft of ethical rules for developing and applying AI technologies to ensure they can be implemented in practice.

European Commission, AI, ethic rules, innovation, Europe, Artificial Intelligence, transparency, diversity, privacy, data governance, accountability

European Commission launches facility for digital transformation

18 Feb 2019 | E-invoicing, SCF & E-procurement

The European Commission has launched the Connecting Europe Facility Telecom 2019, to fuel the European Digital Service Infrastructure with EUR 19.2 mln.

European Commission, Connecting Europe Facility Telecom 2019, European Digital Service Infrastructure, funding, e-invoicing, e-signature, e-billing, digital transformation