Tag: EPI interim company
Decision on EPI project will be made in May – wallet planned for smartphone
Pay by smartphone Payment apps on smartphones will play a greater role in the future. The European Payment Initiative is also working on a so-called wallet solution for payment services.…
13 banks & payment service providers are sticking with the EPI payment solution
Payments on the Internet EPI’s goal was to create its own payment system in order to become more independent of powerful US corporations such as Mastercard, Visa and Paypal. (Photo:…
EPI payment project on the verge of collapse: even savings banks have doubts
People’s Bank and Savings Bank There is contention in the struggle to set up a European payment system, EPI. Savings banks go to the cooperative banks. (Photo: picture-alliance / ZB)…
DZ Bank withdraws from the joint project
DZ Bank in Frankfurt The central institution of the Volks- und Raiffeisenbanken is withdrawing from the European Payments Initiative. (Photo: dpa) Frankfurt The construction of a new EU payment system…
A significant number of banks are hesitant to invest in EPIs
Cell phone payment in the cafe All over Europe, people are increasingly paying by card or smartphone. A large part of the payments go through the systems of Mastercard and…
Germany’s second largest private bank has released funds for EPI. At a meeting of all institutes involved, a decision is now to be made as to whether the project will be implemented.
Pay by mobile phone Building a new, common European payment system would require billions in investment. (Photo: E + / Getty Images) Frankfurt The German banks are behind the development…
Banks postpone decision on new EU payment system EPI
Frankfurt, Madrid The struggle to introduce a new European payment system (EPI) is dragging on. At a meeting last Tuesday, the financial institutions involved in EPI could not agree on…
Decision on European payment system at the end of 2021
Frankfurt, Paris, Rome The European banks are struggling to build a common European payment system – and in the debate around this, a decision is getting closer. The final decision…
Savings banks want to invest 150 million euros in EPI
Contactless card payment European banks want to set up their own payment system. You anticipate investments of 1.5 billion euros initially. (Photo: E + / Getty Images) Frankfurt A directional…