Under Article 74 of the Payment Services Directive (EU) 2015/2366 (“PSD2”), a payer may be required to bear the losses of unauthorised payment transactions up to a maximum of €50 provided the ...

The PSD2 directive has been delayed, but will we be ready for it despite the extra time allowed? Will businesses be prepared? Are consumers even aware? And how will it affect us all? Processing ...

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The open banking requirements under the Payment Services Directive (EU) 2015/2366 (“PSD2”) are now in force, under which an account servicing payment service provider (“ASPSP”) must grant an ...

With Silicon Valley in the West and Shenzhen in the East having long dominated the tech scene, Europe’s leaders have been calling on the need for the EU to achieve technological sovereignty. This ...

Despite the ‘digitalisation’ theme of PSD2, PSP businesses will now have to provide monthly account statements on paper or a “durable medium” Hopefully, it hasn’t escaped anyone’s notice that the ...

Europe’s new payments regulation promises much, including free transactions. But do banks need to be forced to do what’s in the best interests of customers and shareholders? The European Union’s ...

As we transition into a cashless world of electronic transfers, web payments and blockchain, where does that leave us? Professional services firm PwC is dissecting what we can expect in a post-PSD2 ...

Pursuing the principles of open banking, the Payment Services Directive 2 (PSD2) means that financial institutions must open up, among other things, APIs and customer account data to regulated third ...