- PayX News
- October 2, 2017
PSD2 compliance for leg-out payments difficilitated by the virtual elimination of Cover payments
Banks in the EU/EEA will be obliged – as from January 2018 – to quote all-in prices to their customers for:
- payments going to or coming from outside the EU/EEA, in any currency; and
- payments with both endpoints in the EU/EEA but where the currency is a non-EU/EEA one like USD or JPY, and where correspondents in the respective currency centres will be needed to settle the payment.
Sourced through Scoop.it from: www.finextra.com