Positions

Input on EDPB Guidelines on the interplay of the Second Payment Services Directive and the GDPR

The EFA has provided its comments regarding Guidelines 06/2020 on the interplay of the Second Payment Services Directive and the GDPR. The EFA welcomes the Guidelines’ clarification as to the lawfulness of processing data for other purposes than the ones set out in the PSD2 (see below under 1). However, in EFA’s opinion, the Guidelines need to further clarify technical measures and information requirements in regard to data of Silent Parties.

Please find the EFA’s input 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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