Tag Archives: payment services directive

Payment Services Directive – the way forward

Just a couple of years ago the use of payment instruments in the European Union (EU) varied significantly. Each member state used its own standards and practices in the respective market. The difference of payment service regulation was a serious obstacle in the cross-border payment market. The EU Payment Services Directive 2007/64/EC (PSD) in 2007 was the first step seeking to create a more efficient and secure path for a pan-European payment market.

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B&F newsletter, summer 2012

PAYMENT SERVICES DIRECTIVE – THE WAY FORWARD

Just a couple of years ago the use of payment instruments in the European Union (EU) varied significantly. Each member state used its own standards and practices in the respective market. The difference of payment service regulation was a serious obstacle in the cross-border payment market. The EU Payment Services Directive 2007/64/EC (PSD) in 2007 was the first step seeking to create a more efficient and secure path for a pan-European payment market.

Read full article