This article needs translation(s). If you are interested and able to translate to/from English, Dutch, French, German and/or Spanish, please visit this page to find out how you can help.

Payment Services Directive

The Directive on Payment Services (PSD) provides the legal foundation for the creation of an EU-wide single market for payments. The PSD aims at establishing a modern and comprehensive set of rules applicable to all payment services in the European Union. The target is to make cross-border payments as easy, efficient and secure as ‘national’ payments within a Member State. The PSD also seeks to improve competition by opening up payment markets to new entrants, thus fostering greater efficiency and cost-reduction. At the same time the Directive provides the necessary legal platform for the Single Euro Payments Area (SEPA).

Source: http://ec.europa.eu/finance/payments/framework/index_en.htm

0 0

Comment on this Article