EU Authorities Wary Over Third Parties’ Business Models

EU authorities are examining whether newly regulated third-party providers may already be developing business models that stray beyond the boundaries of the revised Payment Services Directive (PSD2).

The directive only took effect in mid-January this year, but several payment initiation and account information services have already been granted approval by their respective national regulators.

However, according to a senior European Commission official, some of those account information service providers could be offering services not envisaged by the PSD2 text.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.