In 2019, the European trade association EPSM, representing the interests of payment service providers for merchants, has seen a consolidation in its membership base mainly due to various M&A activities, but gained also eight new members.
As a result, the total membership grew slightly from 66 members in January 2019 to 67 members from 17 countries at the beginning of 2020.
The new voting members are the well-established acquirer JCC, based in Cyprus and the start-up Paystra, based in Lithuania. Further new extra-ordinary, non-voting members are Web Shield (United Kingdom), Apple Payments (United States), LexisNexis Risk Solutions (United Kingdom), Cardlink (Greece), the Dutch Payments Association (Netherlands), and New SIA Greece (Greece).
Three EPSM Meetings with 40 - 60 participants and several external speakers were held in Frankfurt, Germany (hosted by American Express), Mondorf, Luxembourg (hosted by 3C Payment), and Vienna, Austria (hosted by Blue Code).
In July 2019, EPSM called to national PSD2 regulators for a delayed and EU-wide harmonized approach of the new PSD2-SCA rules for ecommerce card transactions. The corresponding EPSM press release was mentioned in more than 25 articles of trade publications from nine countries. Supporting the actions of other, much more influential industry groups, this joint activity has helped to persuade European regulators to delay the PSD2-SCA requirements for ecommerce card transactions by 15 months. The EPSM shares the opinion of other market participants, that this delay was very appropriate, as the technical infrastructure across various IT-operations was not ready yet, and therefore, the regulators’ decision helped to avoid some severe operational “fire” in European ecommerce card acceptance during last September.
Currently, EPSM continues to look at PSD2-SCA topics, like the progressing implementations of EMV 3DS 2.1 and 2.2 and tries to get a better understanding of “MITs - Merchant Initiated Transactions”. In addition, regulatory requirements like DCC and the future EU VAT-law reporting requirements are topics, and last but not least payment trends like new payment systems and new payment instruments like wearables.