European Commission

343 results about this entity

Period: 16 Nov 2001 - 19 Dec 2024

EU sets up Blockchain Observatory and Forum

The European Commission has launched a Blockchain Observatory and Forum with the express aim of supporting the EU's emerging fintech industry.

Europe passes new rules to give merchants more choice in card processing networks

The European Commission has issued new requirements that ensure independence of payment card schemes and processing entities, to enhance competition in the card payment market.

Commission sets deadline for banks to meet new payment standards

European banks and service providers have been given an 18-month deadline to adopt new security measures and provisions for customer data exchange as mandated by the EU's revised Payments Service Directive (PSD2).

EU to launch blockchain study

The EU Commission is looking carefully at blockchain developments with the objective of setting the right conditions for an open, innovative, trustworthy, transparent, and EU law compliant data and transactional environment.

EU launches anti-trust probe into bank data sharing

The European Commission is investigating whether banks are deliberately preventing non-bank competitors from gaining access to customer account data.

European Commission makes fintech a priority in supervisory shakeup

The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.

Commission scales up EU's response to cyber-attacks

On 13 September, in his annual State of the Union Address, President Jean-Claude Juncker stated: "In the past three years, we have made progress in keeping Europeans safe online.

FIDO Alliance urges European Commission to outlaw screen scraping

Conversations are ongoing between the European Commission (EC) and the European Banking Authority (EBA) around the Regulatory Technical Standard (RTS) for Strong Customer Authentication (SCA) under the Payment Services Directive 2 (PSD2), specifically with regards to “screen scraping”.

New EC rules could enable banks to increase their software spending

European banks under siege from digital challengers and sophisticated cyber attackers could face some relief from a possible change in accounting rules that will enable them to spend more on new software.

EC sets sights on Visa's inter-regional interchange fees

The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.

Commission takes aim at EU-wide currency exchange costs

The European Commission is planning a crackdown on the high costs associated with cross-border currency transfers in and out of the euro.

Consumer groups and fintech firms at loggerheads over screen scraping

European consumer interest group BEUC has waded into the screen-scraping debate, urging banking authorities to ban the practice in favour of the creation of a harmonised interface for customer data sharing.