EUROPEAN DIRECTIVE IMPLEMENTATION
Payment Services Directive is an EU directive, managed by the European Commission (General Directorate for Internal Market), for regulation of payment services and payment services providers’ activity throughout the European Union (EU) and European Economic Area (EEA). The purpose of the directive was to enhance pan-European competition and participation in payments industry of non-banking entities and also to provide a fair competitive environment by harmonizing consumer protection regulations with the rights and obligations of payment providers and users.
October 8, 2015 the European Parliament adopted the European Commission’s proposal to create a framework of rules designed to make the European payments safer and more innovative (PSD2). The new form of the directive has as purpose to better protect consumers when paying on-line, to promote the development and use of innovative online and mobile payments and make the European cross-border payment services more secure.
NATIONAL AUTHORITY FOR CONSUMER PROTECTION
National Authority for Consumer Protection which acts as the specialized competent authority of the central public administration, having legal personality, subordinated to the Government and coordinated by Ministry of Economy, Trade and Tourism, is financed entirely from the State budget, through the budget of the Ministry of Economy, Trade and Tourism.
The authority coordinates and defines the strategy and Government policy in the field of consumer protection, it takes action to prevent and combat practices that harm life, health, safety and economic interests of consumers. The authority optimizes the State activity in the area of direct and indirect consumers’ protection by market research, informing and educating consumers and strengthening decision-making capacity.
COORDINATION, SUPPORT AND STANDARDIZATION
- In the context of the changes brought by the implementation of the 2nd Payment Services Directive (DSP2) within Romanian legislation, A.P.E.R.O., as representative trade body of the electronic payments industry and the only entity that brings together all players inhabiting the payment ecosystem, is aiming to coordinate the process of redistribution of roles and responsibilities between current entities (ASPSP) and the future ones (PISP and AISP) which are going to coexist within the new ecosystem and to supervise the creation of a fair competition framework between them.
- To this end A.P.E.R.O. will work both with public and private partners.
THE OBJECTIVES OF THE WORKING GROUP
- Increasing awareness among industry professionals of DSP2 aim and objectives
- Aggregating a common point of view of industry representatives concerning the implementation of DSP2 within local legislation
- Support the authorities in implementing the directive
- Ensuring a climate of fair competition among all exponents of electronic payments ecosystem.
- Coordinating industry representatives in order to obtain a standardized solution for data access.
DSP2 WORKING GROUP
- Alpha Bank
- Banca Transilvania
- Raiffeisen Bank
- UniCredit Bank
- ING Bank
- Piraeus Bank
- Credit Europe Bank
- OTP Bank
- Garanti Bank
- Patria Bank
- Printec Group
- Provus Services
- Pago Plătește
- CEC Bank
- Banca Românească
PROJECT LEADER AND PROJECT MANAGEMENT
The company was empowered by A.P.E.R.O. to lead the project management, by providing the coordination of all other partners in order to achieve the project objectives.