Payment services and electronic money

 

The EBA's work in the area of payments and electronic money is aimed at ensuring that payments across the EU are secure, easy and efficient. The regulatory output in this section includes the technical standards and guidelines under the revised Payment Services Directive (PSD2); the mandate conferred on the EBA in the Interchange Fee Regulation (IFR); the EBA Guidelines on the security of internet payments; and the EBA's views on financial innovations in the payments sector, such as ‘virtual currencies'. 
 

Technical Standards, Guidelines & Recommendations

  • RTS on Home-Host cooperation under PSD2

    The RTS specify the framework for cooperation and the exchange of information between competent authorities of the home and host Member States. The RTS also clarify the type of information as well as the templates to be used by payment institutions when reporting to the competent authorities of the host Member States on the payment business activities carried out in their territories.

    Status: Under development

  • Guidelines on fraud reporting under PSD2

    The Guidelines, which are addressed to payment service providers and competent authorities, are aimed at contributing to the objective of PSD2 to increase the security of retail payments in the EU.

    Status: Under development

  • Technical Standards on the EBA Register under PSD2

    These draft regulatory technical standards (RTS) and implementing technical standards (ITS) on the electronic central register under the Payment Services Directive (Directive (EU) 2015/2366) (PSD2) respectively set requirements on the development, operation and maintenance of the register and the information to be contained in it.

    Status: Under development

  • Guidelines on the criteria on how to stipulate the minimum monetary amount of the professional indemnity insurance under PSD2

    These Guidelines define the criteria Competent Authorities should consider when stipulating the minimum monetary amount of the professional indemnity insurance (PII) or comparable guarantee for payment initiation and account information service providers under the revised Payment Service Directive (PSD2)

    Status: Final and translated into the EU official languages

  • Regulatory Technical Standards on central contact points under PSD2

    These draft RTS specify the criteria for determining when the appointment of a central contact point under the PSD2 is appropriate and the functions that these contact points should have.

    Status: Final draft adopted by the EBA and submitted to the European Commission

  • Guidelines on security measures for operational and security risks under the PSD2

    The Guidelines have been developed in close cooperation with the European Central Bank (ECB), and are in support of the objectives of PSD2, such as strengthening the integrated payments market in the EU, mitigating the increased security risks arising from electronic payments, and promoting equal conditions for competition.

    Status: Under development

  • Guidelines on procedures for complaints of alleged infringements of the PSD2

    These draft Guidelines are part of the EBA’s work to support the core objectives of the PSD2 of strengthening the integrated payments market across the European Union, ensuring a consistent application of the legislative framework and promoting transparency.

    Status: Final and translated into the EU official languages

  • Guidelines on major incidents reporting under PSD2

    These Guidelines are in support of the objectives of the PSD2 of strengthening the integrated payments market across the European Union, ensuring a consistent application of the legislative framework, promoting equal conditions for competition, providing a secure framework on the payments environment and protecting consumers.

    Status: Final (awaiting translation into the EU official languages)

  • Guidelines on authorisation and registration under PSD2

    These Guidelines are in support of the objective of PSD2 of strengthening an integrated payments market across the European Union, ensuring a consistent application of the legislative framework, and promoting equal conditions for competition.

    Status: Final and translated into the EU official languages

  • Regulatory Technical Standards on passporting under PSD2

    These Regulatory Technical Standards (RTS) on the framework for cooperation and exchange of information between competent authorities for passporting will ensure that information about those payment institutions that carry out business in one or more EU Member States is exchanged consistently between the national authorities of the home and host Member States. They distinguish the notifications related to branch establishments, agent’s engagement and free provision of services.

    Status: Adopted and published in the Official Journal

  • Regulatory Technical Standards on strong customer authentication and secure communication under PSD2

    The proposed Regulatory Technical Standards on strong customer authentication and secure communication are key to achieving the objective of the PSD2 of enhancing consumer protection, promoting innovation and improving the security of payment services across the European Union.

    Status: Final draft adopted by the EBA and submitted to the European Commission

  • Regulatory Technical Standards on payment card schemes and processing entities under the IFR

    The proposed draft Regulatory Technical Standards, developed under Article 7(6) of the Interchange Fee Regulation (IFR), introduce specific requirements related to the independence of payment card schemes and processing entities.

    Status: Final draft adopted by the EBA and submitted to the European Commission

  • Guidelines on internet payments security

    The Guidelines on the security of internet payments are based on the recommendations of the European Forum on the Security of Retail Payments (SecuRe Pay), a voluntary cooperative initiative set up by the ECB and comprising relevant authorities from the European Economic Area (EEA) with the aim of facilitating understanding of issues related to the security of electronic retail payment services.

    Status: Final and translated into the EU official languages

Opinions, Reports and other Publications

 

Opinions

Warnings