Fscom sets up PSD2 ‘taskforce’

fscom today launched its dedicated PSD2 Taskforce to meet rising demand from payments and e-money institutions for reauthorisation support. Under the new payment services rules, all non-bank payments companies are required to apply for reauthorisation to ensure PSD2 compliance. With the deadline for applications just under six months away, payments companies that have not already started the process are under significant pressure to submit their application on time, while continuing to meet their day-to-day compliance duties.
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