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EC sets sights on TIPS challenging Visa and Mastercard European dominance
The European Commission (EC) has been reported to be considering implementing new regulations to support and accelerate the adoption of TARGET Instant Payments Settlement System (TIPS) in an effort to... more
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EC fines Mastercard €570 million over cross-border interchange fees
The European Commission has fined Mastercard a meaty €570.6 million ($648.3 million) for limiting the possibility for merchants to benefit from better interchange fees offered by banks elsewhere in the European... more
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European Commission launches EU Blockchain Observatory and Forum
The European Commission has launched the EU Blockchain Observatory and Forum with the support of the European Parliament, represented by Jakob von Weizsäcker responsible for the recent report on virtual currencies. The Blockchain Observatory and Forum will highlight key developments of the blockchain technology, promote European actors and reinforce European engagement with multiple stakeholders involved [...]
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SEPA: Is the ECB stifling competition with its latest move?
Ten years ago the European Commission (EC) and the European Central Bank (ECB) announced a common vision for the Single Euro Payments Area (SEPA), which they described as an “integrated market for payment services which is subject to effective competition…” and described their role as “creating open and common standards that overcome technical and commercial [...]
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Preparing for PSD2: exploring the business and technology implications
The aims of the European Commission’s revised Payment Services Directive (PSD2) are clear. It is designed to enhance consumer protection and convenience, improve the security of payment services and promote innovation and competition. While these aims are simple to express, the implications of PSD2 for payments industry participants, both established and new, are wide-ranging and complex. [...]
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