Tag: EPI
European banks will start their own payment service in 2024
Pay by smartphone The European Payments Initiative (EPI) plans to start mobile-to-mobile payments in 2024, with other mobile payments to follow. (Photo: Moment/Getty Images) Frankfurt A new alternative to Visa…
European banks want to start their own payment service in 2024
Frankfurt A total of 16 European financial service providers, including Deutsche Bank and the savings banks, want to start a new European payment system at the beginning of next year.…
Against PayPal and Apple Pay: major US banks are planning their own payment app
Frankfurt Seven major US banks want to launch their own payment app and thus put the payment services PayPal and Apple Pay in their place. Well Fargo, Bank of America,…
Burkhard Balz sees great advantages in the digital euro
Burkhard Balz The Bundesbank board is promoting the digital euro and is counting on all major banks in Germany to go along with the planned European payment system EPI. (Photo:…
Cooperative banks want to take part in the European payment system
Maria Kolak According to the President of the Association of German Volksbanken and Raiffeisenbanken, it is becoming more important to achieve greater independence in Europe. (Photo: Uta Wagner for Handelsblatt)…
Cooperative banks want to take part in the European payment system
Pay by smartphone Through a joint initiative, banks in the EU want to reduce their dependence on US corporations. (Photo: DigitalVision/Getty Images) Frankfurt After lengthy discussions, the Volks- und Raiffeisenbanken…
Deutsche Bank and Commerzbank want to sell shares.
Schufa Schufa was founded in 1927 as a “protection group for general loan security”. (Photo: dpa) Frankfurt Next chapter in the struggle for the credit agency Schufa: Deutsche Bank and…
Deutsche Bank and Sparkassen drive new EU payment system EPI
Frankfurt, Madrid Despite setbacks, Deutsche Bank and the savings banks want to fight for the establishment of a new European payment system (EPI). “By setting up an independent system, we…
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…
Banks receive no funding for the new EU payment system.
Christian Lindner The Finance Minister supports the establishment of a new EU payment system, but does not want to allocate any funding for it. “The innovation must come from the…
Commerzbank and several Spanish banks are exiting
Frankfurt, Madrid The European payment system EPI, which was launched with great hopes, will at best be launched as a slimmed-down version. More and more financial institutions have doubts about…
Commerzbank and several Spanish banks are exiting
Frankfurt, Madrid The European payment system EPI, which was launched with great hopes, will at best be launched as a slimmed-down version. More and more financial institutions have doubts about…
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…
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…