Monica Monaco

Founder & Managing Director, Trust EU Affairs at ACI Worldwide

Based in Brussels for the past 18 years, Monica is the founder and managing director of TrustEuAffairs. She is a member of the Society of European Affairs Professionals (SEAP) since 2004, and served as a member of the SEAP Board from 2012 to 2015. Monica is a member of the Europol Virtual Currencies Taskforce and also a member of the European Commission Payment Systems Market Expert Group (PSMEG). Monica has been Senior Manager for EU Regulatory Affairs in the Legal Department of Visa Europe for more than ten years, responsible for relations with the European Commission, Parliament and Council, as well as with various national regulators. Before joining Visa Europe she worked as a consultant for both Andersen, Deloitte & Touche and the OECD in Paris, as well as the Council of Europe in Strasbourg, dealing with a variety of financial services matters. Monica can be reached at: [email protected]

Articles by Monica Monaco

real-time motion traffic choice cross roads


September 29, 2021

Instant Payments: What Developments Would the European Commission Like to See?

On September 2, the European Commission (EC) published a document concerning the current and foreseeable benefits of instant payments. The EC document explains that instant payments can be used for transfers between individuals Person-to-Person (P2P) or Consumer-to-Consumer (C2C), and between individuals and businesses (B2C and C2B).

Skyscrapers against blue sky with some clouds.


August 31, 2021

The European Commission’s Anti-Money Laundering and Countering Terrorist Financing Legislative Package: A Move Towards a More Effective Enforcement of EU AML/CTF Rules?

On 20 July 2021, the European Commission published an anti-money laundering and countering terrorist financing (AML/CTF) legislative package.

People Walking in Shopping Center


July 27, 2021

The European Commission’s Proposal for a New Consumer Credit Directive: Will This Create a Harmonized European Consumer Credit Market?

On June 30, the European Commission (EC) issued a proposal for a new Consumer Credit Directive (‘the Proposal’).

Low Angle View Of Modern Buildings Against Clear Blue Sky


June 29, 2021

The European Commission’s Directive on Distance Marketing of Consumer Financial Services: What Does This Mean for the Industry?

On May 28 2021, the European Commission (EC) issued an Inception Impact Assessment on the Directive on Distance Marketing of Consumer Financial Services, which is out for public consultation until the June 25.

Looking directly up at the skyline of the financial district in central London - stock image


May 27, 2021

How the European Commission’s Review of the Settlement Finality Directive is Linked to the Development of Open Finance in Europe

On 12 February 2021, the European Commission launched a public consultation on the review of the Settlement Finality Directive (SFD), which closed earlier this month.

Cars on a city highway at night


April 21, 2021

The European Commission’s Consultations on Instant Payments in the EU: What Are the Questions and Why You Should Reply

On 24 March 2021, the European Commission (EC) published its Consultation Strategy on Instant Payments in the EU. This initiative is a follow-up to the EC’s Retail Payments Strategy (RPS), which I covered in another post, and it wishes to promote the availability of competitive homegrown and pan–European payment solutions.

Prime Time for Real-Time

Global Payment Trends
As the world adopts real-time payments, how does your market stand to benefit?

Connectivity network graphic


March 25, 2021

The European Commission Inception Impact Assessment on real-time payments in the EU: Is the real-time payments’ future a regulated one?

On March 10, 2021, the European Commission (EC) published an Inception Impact Assessment (IIA) on the Commission’s planned initiative on real-time payments in the EU. The IIA is open for feedback until April 7, 2021, and you can provide your contribution here.

Building with clouds


February 23, 2021

The European Commission’s Retail Payments Strategy: What’s in There and Why Is It Important?

In September 2020, the European Commission (EC) published the European Retail Payments Strategy (RPS), which is now being reviewed by the Council of the European Union in view of adopting its draft conclusions on the RPS.