The European Association of Corporate Treasurers (EACT) published today its response to the European Commission’s (EC) consultation on a Retail Payments Strategy for the EU. In our response we highlight the critical importance of ensuring top-down regulatory harmonisation across the EU to achieve a true single market for payments and facilitate cross-border payments by corporates. We fully support a regulatory framework that is open to innovation in the payments space.
At the same time, to ensure that the benefits of payment innovations materialise, we urge for the mandatory uptake of for example the SEPA Instant Credit Transfer Scheme (SCT Inst.) and a wider regulatory push towards the uptake of new solutions such as Request to Pay.
We also highlight that a widespread uptake of payment solutions such as instant payments needs to come hand in hand with commensurate end-user protection against fraud and mistaken payment flows.
EACT Board Member, Guillermo De La Fuente has been selected as member of the European Banking Authority (EBA)'s Stakeholder Group.
View MoreThis year, we received circa 250 answers from Group Treasurers of the largest international companies across Europe. We are delighted to share the results with you.
View MoreThe Italian association (AITI) are pleased to share a survey on sustainable supply chain finance. All EACT members are invited to take part.
View MoreThe EACT Board would like to personally thank all our delegates and sponsors in attendance at last week's EACT Summit.
View MoreEACT representatives were delighted to announce the three winners of this year's EACT Award during a ceremony at the recent Summit in Brussels.
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