Getting Technical : New Developments in European Payment Regulations | Lexology

Two recent developments for payment services in Europe warrant attention: First, the UK Payment Systems Regulator has set its 2017 / 2018 agenda. The Regulator is only two years old, so much of the agenda is still about the organization finding its footing. For the coming year, it has identified three areas of focus: the implications for consumers of a changing payments sector, the increasing use of payments data, and changing competitive dynamics. Second, the European Banking Authority recently published final draft regulatory technical standards under the revised Payment Services Directive (PSD 2*) on strong customer authentication and common and secure communication.

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