Positions

EFA publishes position on European Retail Payments

The European FinTech Association (EFA) published today its position on a European Payments Strategy. The EFA fully supports the European Commission’s vision for retail payments including safe, fast and reliable payment services to European citizens and businesses and a competitive, innovative payments market. The EFA welcomes new alternatives to existing payments solutions available in the European Union, which can lead to competitive payments landscape in the EU.

Please find the EFA’s position here.

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More Positions

EFA Statement on the Provisional Agreement on the Instant Payments Regulation

Joint Statement on the treatment of Merchant Initiated Transactions under the Payment Services Regulation

EFA Position on the Digital Euro Regulation

Joint Industry Statement on AI Definition

In the wake of the December 2023 political agreement on Artificial Intelligence regulations, financial industry representatives stress the need to safeguard ongoing credit scoring operations from potential disruptions caused by pending technical details around the agreed definition of “artificial intelligence systems”. Credit scoring is a vital element of the financial sector, providing a way to evaluate an individual’s creditworthiness based on their financial history and behaviour. This evaluation assists lenders in making well-informed decisions about extending credit or loans.
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