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Press releases

September 04, 2019

Striving for more security – new EU rules for online payments processing

The second stage of PSD2, the new EU payment services directive, comes into force on September 14. The aim is to further improve the security of online banking and online credit card payments. Matthias Hönisch, expert for payments processing at the Bun-desverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Associa-tion of German Cooperative Banks], knows what changes the new rules will bring.

August 21, 2019

German Banking Industry Committee supports transitional period for strong customer authentication of online card payments

The German Banking Industry Committee (GBIC) stated against the backdrop of today’s announcement by the Federal Financial Supervisory Authority (BaFin) of transitional arrangements for the authentication of online card payments that banks have almost completed their preparations for the implementation of strong customer authentication through the use of the 3-D Secure procedure.

July 11, 2019

Cooperative Financial Network publishes its 2018 consolidated financial statements: Stable earnings in the operational customer business / profit before taxes of €7.8 billion

In 2018, the Volksbanken Raiffeisenbanken Cooperative Financial Network generated a profit before taxes of €7.8 billion. The performance of the traditional banking business was encouragingly stable, with further growth in the deposit-taking and lending businesses. The capital markets volatilities at the end of the year lowers profit before taxes for 2018 as a whole by €1.1 billion compared with the very strong figure reported for 2017. Since then, the capital markets levels have of course rallied.


BVR - May 6, 2014 12:00:00 PM

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