EU financial associations want traditional payments excluded from eIDAS regulation

Financial institutions and digital commerce entities in Europe are calling for clarification on some wordings used in the EU’s Digital Identity Regulation (eIDAS) which seem to make the application of the regulation mandatory for the full lifecycle of payments.

The call is contained in a recent statement with six signatories, namely the European Association of Co-operative Banks (EACB), the European Association of Payment Service Providers for Merchants (EPSM), the European Banking Federation (EBF), EuroCommerce, the European Savings and …

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