Publication details
Account-to-Account Payments in Europe: From Regulation to Reality
| Authors | |
|---|---|
| Year of publication | 2026 |
| Type | Popularization text |
| MU Faculty or unit | |
| Citation | |
| Description | The article analyses a situation in which the structural framework of European Open Banking is legislatively complete and instant settlement has been fully operational since 2024, yet the Payment Initiation Service (PIS) still fails to deliver a user experience comparable to card payments. The author locates the cause in persistent obstacles in account-servicing institutions' dedicated interfaces under Article 32(3) of the RTS on Strong Customer Authentication and draws attention to an underused supervisory tool — the revocation of fall-back exemptions under Article 33(7). The Czech National Bank's opinion of November 2025 and Národná banka Slovenska's opinion of January 2026 are identified as the first systematic operationalisation of this standard within the EU. |