PSD2 Fact 4: Scaling Down on Exempt Payment Institutions? Under the current PSD, entities with an average volume of monthly payment transactions below €3 million can benefit from a lighter authorisation regime, if their Member State of establishment makes use of that option. This (under PSD1-called “waiver”, but under PSD2-called “exemption”) regime will remain as…
PSD2 Fact 3: Striking the Roots of the European Single Market? Payment Institutions are – in principle – supervised by the Member State where they are authorised (eg. the home country). In the event a Payment Institution provides payment services in another Member State, they can ‘passport’ their license and the supervision of these activities…
In this series, every Friday, I will be posting facts on PSD2 (yes there is more to it than just XS2A!) to get you up-to-speed with the upcoming changes. TGIF gets a whole new meaning: “Thank God It’s Fact-day”. This is PSD Fact number 2. PSD2 Fact 2: The end of purposive interpretations or not…
In this series, every Friday, I will be posting facts on PSD2 (yes there is more to it than just XS2A!) to get you up-to-speed with the upcoming changes. TGIF gets a whole new meaning: “Thank God It’s Fact-day” PSD2 Fact 1: No more home country shopping? When choosing a EU home country to establish…
On June 28th, I spoke at EPA’s Pay360 Digital Payments event on the impact and opportunities of PSD2 for payment processing companies. This first post is part of a 3-series blog on this topic. What is the impact of PSD2? With the help of PSD2, new players acting as Third Party Provider (TPP) are given…