European Commission Changes Payment Rules to Avoid ‘Undermining Travel Management’: Business Travel News

The European Commission has exempted corporate payments from draft security authentication measures that had threatened to make lodge cards, virtual cards and other forms of business travel payment unworkable. The exemption to regulatory technical standards for the revised Payment Services Directive, or PSD2, follows two months of concerted lobbying by payment and travel industry representatives like the Global Business Travel Association and European travel agents association ECTAA, as well as major issuers and card schemes.

Sourced through Scoop.it from: www.businesstravelnews.com

Leave a Comment