Secure instant payments for individuals in the EU | European Data Protection Supervisor

Secure instant payments for individuals in the EU | European Data Protection Supervisor

 

In its Opinion published on 19 December 2022, the EDPS welcomes the proposed Regulation aiming to increase the use of instant credit transfers, in an efficient and accurate way. 

In particular, the EDPS welcomes the proposed measures aiming to resolve issues linked to instant credit transfers, under the current Regulations. 

Namely, tackling the high rate of rejected instant payments due to the misidentification of individuals.  (...)