Ignacio González-Páramo
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EMA2015 – The impact of payments regulatory changes in Europe

Comments (0) Compliance, International Online Payments, Payments Events, Payments Regulation

The 5th Electronic Money Association conference (EMA) took place in October 2015, in Brussels. The bi-annual event facilitates a two-way conversation between regulators and EMA members on the upcoming legislative changes in European Economic Area (EEA), such as the Revised Directives on Payment Services (PSD2) and Fourth Money Laundering Directive (4MLD). The conference is particularly …...

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Discussing EU security requirements of EBA and PSD2 at EMA 2015

Comments (0) Compliance, International Online Payments, Payments Events, Payments Regulation

During my panel at the 5th Electronic Money Association (EMA) Conference in Brussels about the updated Payments Service Directive (PSD2) provisions on IT security, I shared my views together with other panelists from the European Banking Authority (EBA) and the EMA, on the EBA Guidelines issued in 2014, and the more stringent requirements that will …...

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The basics of European regulation and public affairs in payments

Comments (0) Payments Events, Payments Regulation

The basics of European Regulation and its impact on the way the payments business is driven by most of the players in the European payments ecosystem were a greatly appreciated and requested topic during the latest edition of the Visa Risk Acceptance Forum, held in London, on 26th-27th of November. This is quite significant in …...

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Visa Acceptance Risk Forum: Payments regulation insights

Comments (0) Payment Service Providers, Payments Events, Payments Regulation

Visa Europe Acceptance Risk Forum was held on 25th and 26th November, London, at Visa Europe headquarters. Delegates were invited to attend this second annual Risk Forum, specifically tackling the risks payment providers and acquirers face from merchant practices. With increased use of the Internet as a channel for payments, comes greater risk of online …...

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Expanding your business: European payments regulation

Comments (0) Compliance, Payments Events, Payments Regulation

During my “European payments regulation” presentation at the Grad School hosted by Payvision during CNP EXPO | Orlando, I talked about the regulatory ins and outs that operating in the European Union has, for those players interested in expanding their business to Europe or to improve their already-existent European activities. Europe has a quite complex …...

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Report: SecuRe Pay recommendations on increasing online fraud

Comments (0) Compliance, International Online Payments, Payments Regulation

Online fraud has increased dramatically over the past decade. Over the years, card schemes have invested millions to reduce the impact of online fraud, implementing additional security mechanisms such as CVC codes and 3-D Secure, and extensive risk scoring systems. Fraud, and fighting it, have become industries of their own. At the beginning of 2013 …...

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EPCA Payment Summit Brussels 2014: Insights day 2

Comments (0) International Online Payments, Payment Industry Trends, Payments Events

Day 2 of the EPCA Payment Summit started with a keynote presentation from Shikko Nijland of Innopay, who shared with the audience the results of a payment survey and the identified trends that will change the way consumers pay, such as new payments contexts, POS interaction from simple hardware to customer experience, the trend towards …...

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EPCA Payment Summit Brussels 2014: Insights day 1

Comments (0) Global Card Processing, Payments Events, Payments Regulation

EPCA Payment Summit 2014, the main payment conference in Europe, took place in Brussels on 12 and 13 March. Speakers shared their knowledge on topics covering most of the relevant aspects of the payment industry, such as e-payments, e-identity and compliance, online fraud and new concepts; from virtual currencies to multichannel online banking, ECB secure …...

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Inconsistencies between the European payments legislative proposals

Comments (0) Compliance, Payment Industry Trends, Payments Regulation

When it comes to analyzing the European payments legislative proposals with a potential impact on e-commerce, I have already talked about the risk of fragmentation and an uneven playing field, as well as the implications for the cross-border ecommerce providers. Another risk worth mentioning is the inconsistencies between the different proposals that make it even …...

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Key insights from the Multilateral Interchange Fees Roundtable

Comments (0) Compliance, International Online Payments, Payments Regulation

“MIF pays for the payments industry, it has paid for its innovation and development!” said Gary Munro, Consultant at Consult Hyperion. The relevant question here would be what would happen if we reduce MIF, and what would be the effect on the industry and on the consumer? The Multilateral Interchange Fees Roundtable took place in …...

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