A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
January 15, 2025
On the web
Does SEPA Instant Payments Mark a New Chapter for European Finance?
The Global Treasurer
January 13, 2025
On the web
The European Instant Payments Regulation (IPR): A Game Changer for Fintech Startups?
EU-Startups
January 6, 2025
On the web
Study on the Payment Attitudes of Consumers In The Euro Area Space – 2024
Europa
January 2, 2025
On the web
EU Mandates 10-Second Money Transfers From 2025
Gizchina.com
November 22, 2024
On the web
European Commission welcomes inclusion of Albania and Montenegro in the Single Euro Payments Area
European Commission
October 17, 2024
On the web
Broadridge Launches Instant Payments Service, Aligned with New EU Regulations
PR Newswire
August 1, 2024
On the web
The EU’s AI Act Is Now in Force
TechCrunch
July 15, 2024
On the web
European Union Adopts New Limits on Artificial Intelligence
ABA Banking Journal
March 12, 2024
On the web
EU Introduces European Digital Identity Wallet, With Ukraine’s Participation in Pilot Project
Yahoo News
December 11, 2023
On the web
EU Reaches Agreement on AI Act Amid Three-Day Negotiations
Infosecurity Magazine
October 18, 2023
On the wires
EU Data Watchdog Urges More Privacy Safeguards for Digital Euro
Reuters
August 1, 2023
On the web
How EU Instant Payments Legislation Will Impact Finance, Operations, Treasury, and Technology Teams
Electronic Payments International
July 18, 2023
On the wires
Swapin Turns Every Bank Account Into A Crypto-Friendly Hub With Dedicated IBAN Feature
GlobeNewswire News Room
July 14, 2023
On the wires
EU Watchdog Calls for Early Adoption of Stablecoin Standards
Reuters
June 28, 2023
On the web
EU Proposes Payments Sector Shake-Up, Legal Backing for Digital Euro
Reuters
June 27, 2023
On the wires
EU to Set Out Legal Underpinnings for a Digital Euro
Reuters
June 6, 2023
On the wires
Flutterwave and Token.io Team Up to Provide Pay By Bank Transfer to Users in UK and EU
PR Newswire
May 17, 2023
On the web
EU Member States Accept World's First Sweeping Crypto Rules
Central Banking
May 12, 2023
On the wires
EU Antitrust Regulators Seeking More Info on Apple Pay
Reuters
May 11, 2023
On the web
EU Committee Passes AI Bill on for Plenary Vote; Tightens Rules for Biometric Use
Biometric Update
April 21, 2023
On the web
Crypto-Assets: Green Light to New Rules for Tracing Transfers in the EU
Europa
On the wires
EU Parliament Backs World's First Comprehensive Rules for Cryptoassets
Reuters
March 14, 2023
On the web
EU Merchants Could Be Required to Accept Digital Euro, Ministers Told
Yahoo Finance
January 31, 2023
On the wires
EU Studying Whether Big Tech Should Pay Network Costs -EU Document
Reuters
December 8, 2022
On the web
EU Agrees on Digital ID and Wallet Vision, Likely to Implement in 2 Years
Tokenist
“The EU is very close to agreeing on what it means to own digital assets. The Council of the EU is laying the groundwork for European digital identity (eID), which will serve as the EU’s digital wallet. What does that fusion look like? Consisting of 27 countries, the EU accounts for 447 million people. Although its nominal GDP has fallen in 2022 when the EU sanctioned Russia, it is still trailing behind the US at $18 trillion vs. $24 trillion, making it the third largest market behind China. It is, therefore, important when this economic juggernaut sets the rules of engagement on digital assets. The Council of the European Union is the EU’s governing body. As of Tuesday, the Council revised the regulation on the European digital identity (eID). This would be a personal digital wallet hosted on people’s smartphones like other apps. Across EU nations, the eID would follow common technical standards and compulsory certification. This would avoid standard/update fragmentation and security holes. However, this “Union toolbox” is yet to be developed. What would the eID wallet look like?”
October 27, 2022
On the web
‘Seismic Shift’ in Bank Payments to Help Business and Consumers, says EU
CNBC
“Forcing banks across the European Union to offer instant payments in euros is a “seismic” shift to make the economy more efficient and reap savings for businesses and customers, the bloc’s financial services chief said on Wednesday. Mairead McGuinness proposed a draft EU law that will require banks across the 27-country union to offer and receive “instant payment” (IP) services for a fee that is the same or lower than they charge for traditional credit transfers. Currently, some banks charge far more for an IP transfer, up to 30 euros ($30) in some cases, compared with traditional transfers. “Moving from ‘next day’ transfers to ’10 seconds’ transfers is seismic and comparable to the move from mail to e-mail,” McGuinness said in a statement.”
October 25, 2022
On the web
EU to Propose Banks Offer Mandatory ‘Instant Payments’ in Euros
Reuters
“Banks in the euro zone would be required to provide ‘instant payments’ in the single currency 24/7 under draft European Union rules seen by Reuters. The EU wants to modernise payments so that money can be transferred from one account to another in seconds, at any time of the day or night, compared with existing card payments and direct deposits which can take up to several business days. The new rules form part of the bloc’s policy of “fostering the development of competitive home-grown and pan-European market-based payments solutions” in a region where U.S. duo Mastercard and Visa dominate cross-border retail payments.”
September 19, 2022
On the web
Amazon Will Serve as Infrastructure Provider For Digital Euro App
Blockonomi
“Amazon is among five companies to develop a digital euro prototype for the ECB. Central bank digital currency (CBDC) development is happening now. China has tested the potential uses of the digital yuan; the U.S. has explored CBDC design options, and the European Central Bank (ECB) has recently finalized the panel of firms joining to create front-end prototypes for the digital euro.”
April 11, 2022
On the web
EU Digital Finance Platform Launches
Finextra Research
“The European Commission has launched the EU Digital Finance Platform, a website designed to build dialogue between fintech players and supervisors. First announced as part of the EC’s digital finance strategy in 2020, the platform went live last week, complete with a virtual launch event attended by Commissioner Mairead McGuinness and Verena Ross, chair of the European Securities and Markets Authority.”
March 26, 2021
On the web
Wise Launches Accept My IBAN Initiative to Combat IBAN Discrimination | The Fintech Times
The Fintech Times
“Despite being illegal since 2014, IBAN discrimination – when a company, bank or institution insists you need a local IBAN to pay and your IBAN from another EU country is invalid – is still commonplace throughout Europe. This is why Wise and other financial institutions have launched the Accept My IBAN initiative, allowing consumers to report discrimination without any administrative hassle.According to European law, any IBAN issued in a EU Member State needs to be accepted in all Member States. In spite of this, the issue still persists, and it is not difficult to find recent examples of IBAN discrimination.”