EBF POSITION PAPER

EBF position paper on the Commission Proposal for Payment Services Regulation

BRUSSELS, 22 March 2024 – The Payment Services Directive has been a cornerstone of EU payments legislation and is fundamentally important in ensuring high levels of consumer protection and security of transactions, whilst fostering an innovative and competitive EU payments market, characterised by a level playing field between all providers of payment services.

The Payment Services Regulation (PSR) and the third Payment Services Directive (PSD3) proposals offer some welcome updates that can strengthen the current state of the payments market, provided that some important elements are integrated, most notably on fraud and liability, open banking and strong customer authentication (SCA).

For more information:

Christophe Bonte, Senior Policy Adviser – Payments & Innovation, C.Bonte@ebf.eu

Alessandra Chiarini, Policy Adviser – Payments & Innovation, A.Chiarini@ebf.eu

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About the EBF:

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.