EBA outlines its upcoming initiatives for the regulation of retail payments
The EBA announced today that it is getting ready to develop requirements that will harmonise regulatory and supervisory practices to ensure secure, easy and efficient payment services across the EU. The EBA will do so by fulfilling mandates under the upcoming revised Payments Services Directive (PSD2) and the Interchange Fee Regulation (IFR). It has also issued final Guidelines for the security of internet payments that are applicable from 1 August 2015.