On 25 April 2024, the European Parliament issued a press release stating that it had adopted a first reading position on the proposed Directive on payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC and the proposed Regulation on payment services in the internal market
Payment services
European Parliament adopts first reading position on PSD3 and PSR
On 22 April 2024, the European Parliament issued a press release stating that it had adopted its position at first reading on the draft Directive on payment services and electronic money services in the internal market (PSD3) and the draft Payment Services Regulation (PSR).
The press release provides that MEPs adopted…
Published in OJ – Regulation on instant credit transfers in euro
On 19 March 2024, there was published in the Official Journal of the EU (OJ), Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending the Single Euro Payments Area Regulation, the Cross-Border Payments Regulation, the Settlement Finality Directive and the Second Payment Services Directive as regards…
Council of EU publishes updated text of proposed Regulation on instant credit transfers in euro
On 15 March 2024, the Council of the EU published the updated text of the proposed Regulation amending the Single Euro Payments Area Regulation, the Cross-Border Payments Regulation, the Settlement Finality Directive and the Second Payment Services Directive as regards instant credit transfers in euro.
On 26 February 2024, the Council of the EU issued…
ECON reports on PSD2 and PSR

On 5 March 2024, the European Parliament’s Economic and Monetary Affairs Committee (ECON) published a:
Council of the EU adopts Regulation on instant payments
On 26 February 2024, the Council of the EU issued a press release stating that it had adopted a proposed Regulation which will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The proposed Regulation amends Regulations (EU) No 260/2012 and (EU) 2021/1230 and Directives 98/26/EC…
Council of the EU draft Regulation on Instant Credit Transfers in Euro
On 22 February 2024, the Council of the EU published an ‘I/A’ item note concerning the draft Regulation amending Regulations (EU) No260/2012 and (EU) 2021/1230, and Directives 98/26/EC and (EU) 2015/2366, as regards instant credit transfers in euro. The note mentions that on 7 February 2024 the European Parliament adopted its position at first reading…
ECON press release on PSD3 and PSR

On 14 February 2024, the European Parliament’s Economic and Monetary Affairs Committee issued a press release stating that it had adopted draft reports concerning the draft Directive on payment services and electronic money services in the internal market and the draft Regulation on payment services in the internal market. These pieces of draft EU legislation…
EPC – Yearly update of the “Payment Threats and Fraud Trends Report”

On 7 December 2023, the European Payments Council (EPC) published its yearly update of ‘Payment Threats and Fraud Trends Report’.
The report provides an overview of the most important threats and other ‘fraud enablers’ in the payments landscape including social engineering, malware, botnets, and distribution denial of service.
For each threat, an analysis…
Published in OJ – Updated ECB guideline on a new-generation Trans-European Automated Real-time Gross Settlement Express Transfer system.

On 27 October 2023, there was published in the Official Journal of the EU (OJ) Guideline (EU) 2023/2415 of the European Central Bank of 7 September 2023 amending Guideline (EU) 2022/912 on a new-generation Trans-European Automated Real-time Gross Settlement Express Transfer system. Guideline (EU) 2023/2415 amends Guideline (EU) 2022/912 (ECB/2022/8). The amendments:…