ECOM PSR position paper

Ecommerce Europe published its position paper on the proposed Payment Services Regulation underlining the need for future-proof rules to allow the development of secure, consumer-centric, and cost-efficient payment solutions across Europe.

PSR represents a great opportunity to further the work already achieved under the framework of PSD2. In its position paper, Ecommerce Europe calls on updating the Strong Customer Authentication (SCA) framework to ensure more convenience and consumer protection through harmonised rules and implementation.

We also call on policymakers to embrace the evolution of retail and consumer behaviour through proportional rules on Merchant Initiative Transactions and Limited Network Exemption.