A flurry of payments-related activity from legislators has put the ball firmly in the industry’s court for 2016.
In Europe, the revised Payment Services Directive (PSD2), Interchange Fee Regulation, Fourth Anti-Money Laundering Directive (4th AMLD) and data protection laws all require immediate attention.
Payment service providers have been advised to study, and comment on, several critical consultations by the European Banking Authority (EBA).
The EBA, Europe’s banking regulator, was given a mandate in PSD2 to create technical standards on strong customer authentication for the industry to abide by.
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