Articles

On May 5–6, 2026, the payment industry’s major gathering took place at the EHI Retail Institute Payment Congress in the former German Bundestag building in Bonn. On May 6, 2026, Dr. Terlau spoke about what the upcoming payment regulation (#PSD3)—currently emerging from the engine room of EU legislation—will mean for the retail sector.

When Agents pay... A few thoughts on this interesting topic in my presentation for the EPSM regulatory working group meeting on January 14, 2026

When creating the legal framework for regulations in the financial sector, the European legislator had primarily traditional financial services in mind. As a result, novel technologies and products, in particular distributed ledger technologies ("DLT") and crypto-assets, are not satisfactorily regulated. On the one hand, this may have the effect...

On May 10, 2022, the EU Commission launched a consultation on the revision of PSD2. “The public consultation seeks views on both the PSD2 review and the open finance framework. It is available in all EU languages and will run for 12 weeks. You can have your say here. In addition, the Commission has also launched two targeted consultations on the...

On 1st of March, the European Banking Authority (EBA) published an answer to a question which had been submitted by the card schemes. What impact will this have on the various use cases or the liability of the card issuer and how does BaFin view this?