Much of the discussion around the revised Payment Services Directive (PSD2) has focused the opportunities it could create for new fintech companies, but established industry heavyweights are also viewing the reforms as an opportunity to reposition in a changing, expanding market.
PaymentsCompliance spoke to Neil Burton, chief administration officer for Verifone in Europe, about how the technology services giant is gearing up for PSD2, the advent of open banking and the emergence of instant payments across the continent.
“As the useful characteristics of instant payments will take volume away from cash and convert to electronic, overall we get a bigger market,” he said.
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