Payment Services Directive RSS

On January 13th 2018 new regulations came into force – called the Payment Services Regulations – Article 105 of which compels banks to offer bank accounts and payment services to a class of payment service provider called a Payment Institution. In preparation for this the Payment Systems Regulator issued its guidance as to how it [...]

The post Interpretation of Payment Services Regulations brings Metro Bank policy into question appeared first on Payments Cards & Mobile.

The Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). Version 1.0 integrates extensive public market consultation feedback and is based on the European Commission adopted European Banking Authority (EBA) Regulatory Technical Standards [...]

The post Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework appeared first on Payments Cards & Mobile.

On January 13 the Revised Payment Services Directive, PSD2, came into force across the EU. Worldline’s CEO Gilles Grapinet speaks in a new interview about the huge opportunities for banks, large retailers, and FinTechs with PSD2, and especially points out that the banks need to realise that only complying with the PSD2 can lead to [...]

The post An interview with Worldline CEO Gilles Grapinet: PSD2 – a goldmine of opportunities appeared first on Payments Cards & Mobile.

European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from recovering costs from consumers enter into force. The European Commission is set to review the effectiveness of the Interchange Fees Regulation (IFR) over the next [...]

The post Interchange fee rules ‘Not Fit For Purpose’ ahead of EU review appeared first on Payments Cards & Mobile.

In a new report, PSD2 and Europe’s Open Banking Mandate, we aim to analyse the implications of the revised Payment Services Directive, PSD2, for the European banking industry and Open Banking challenges both for banks and FinTechs. The adoption of the revised Payment Services Directive (PSD2) is formalising the relationship between Banks and FinTechs by establishing [...]

The post PSD2 and Europe’s Open Banking Mandate – a PCM report appeared first on Payments Cards & Mobile.