On 27 March 2025, the Financial Stability Board (FSB) announced the establishment of the Forum on Cross-border Payments Data.
The Forum will be a platform for dialogue, information exchange, and research, helping to identify and address inconsistencies in global data frameworks. An advisory body comprised of private sector representatives will also be created
On 10 March 2025, the European Central Bank (ECB) issued a press release stating that it had positively concluded its exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) building on the services developed by the Banco de Portugal and Latvijas Banka.
The
On 6 March 2025, the European Payments Council (EPC) issued a press release stating that it had approved the inclusion of the Republic of North Macedonia and Moldova in the geographical scope of the Single Euro Payments Area (SEPA) payment schemes.
The press release adds that:
On 21 October 2024, the Governing Council of the European Central Bank (ECB) announced the launch of two initiatives designed to help improve cross-border payments within the EU and beyond.
The initiatives build on the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service, and relate to:
On 1 August 2024, the European Banking Authority (EBA) and the European Central Bank (ECB) issued a joint report which assesses the latest payment data reported to these authorities under Article 96(6) of the revised Payment Services Directive (PSD2).
The joint report:
On 31 July 2024, the European Banking Authority (EBA) issued a public consultation on draft Implementing Technical Standards (ITS) for uniform reporting templates in relation to the level of charges for credit transfers and share of rejected transactions under the Single Euro Payments Area (SEPA) Regulation.
On 19 March