European Banking Federation (EBF)

Two news stories.

European banks call for rethink on incorporating payments into EU digital identity wallet proposals

By Tom Phillips • • Updated • nfcw.com
European banking association logo large

The European Credit Sector Associations (ECSAs) are calling on the European Union to re-examine clauses in legislation on the proposed European Digital Identity Wallet that appear to imply that “widely used cards and payment specifications” will have to accept the wallet for strong customer authentication (SCA) for payments “on a mandatory basis”... More

European Banking Federation lays out principles for a retail digital euro

By Tom Phillips • • Updated • nfcw.com
European Banking Federation chart showing objectives for a retail digital euro

The proposed retail digital euro should be appropriately designed in collaboration with the private sector, create value for end-users, preserve financial stability and incentivise and enable private sector intermediaries to add solutions and services within the central bank digital currency (CBDC) ecosystem, according to a European Banking Federation (EBF) vision paper... More