European Institute of Management and Finance | Payments Services Directive 2 (PSD2) & Instant Payments
21943
page-template-default,page,page-id-21943,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-6.7,wpb-js-composer js-comp-ver-4.12,vc_responsive

Payments Services Directive 2 (PSD2) & Instant Payments

Payments Services Directive 2 (PSD2) & Instant Payments

This is a specialist course offered by one of the utmost experts in the field, Mr Fred Bar, Payment Services Specialist, Partner in Payments Advisory Group, and Secretary General of the European Automated Clearing House Association.

In this course we will cover 2 important upcoming issues that will affect the Payment Services Sector.

The Payment Services Directive 2 (PSD2) aims at establishing legal framework conditions for the development and the supply of payment services in the EU for many years, including conflict-ridden relations between the established payment service providers and the new Internet-based and mobile-based disruptors. PSD2 introduces a number of new market players such as payment initiation services providers and account information services providers and the regulation of known structures such as limited networks and a number of other issues, including not least IT security, has been changed and made stricter. Legislation is also changing, and the outlines of the PSD2 are now becoming clear. This directive is expected to have an important and severe impact on the payment institutions sector.

 

The second subject that will be covered with Mr Bar is on the issue of Instant Payments.

According to the European Central Bank, Instant payments will dramatically increase the speed at which payments are made and received in euro in the European Union. Today it normally takes one business day for a payment to reach the beneficiary. With instant payments this will happen in real time, 24 hours a day, 365 days a year. The funds will be available immediately for use by the recipient.

Mr Bar will provide us with the latest updates on this issue and how payment service providers can implement this and what the next day will look like in this respect

Objectives of the Course:

  • Understand the risks of payment institutions
  • Understand the new market entrants
  • Understand the implementation of PSD2
  • Clarification of statutory framework
  • Understand the importance of promoting efficiency
  • Understand the importance of protecting the market integration in the settlement of instant payments
  • Understand the importance of offering settlement of instant payments directly and without credit risk

DATE: 4 October

DURATION: 6 hours

CPD UNITS: 6

LOCATION: Nicosia

TIME: 09:00-15:30

FEES: €250 + VAT

Registration Form

Register Here

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at info@eimf.eu 

Course Content

Download Course Curriculum

This course is addressed to:

  • Money Laundering Compliance Officers
  • Compliance Managers
  • Compliance Staff
  • Card Operations Manager
  • Cash Management Officer
  • Electronic Banking Manager
  • Legal Services professionals

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at info@eimf.eu.

Trainer

Fred Bar

Fred Bar is an expert in the European payments industry. From 1999-2006 he was Executive Vice President at Interpay, where he had responsibility for a.o. the Dutch automated clearing house, and then the marketing, sales and business development of all Equens services. He was part of the team that created the merger to form Equens, and served as board member in payments joint ventures and industry bodies. From 2006-2012, Fred worked as a Strategy advisor with EBA Clearing in Paris and Brussels and as Managing Director for Vocalink in London. He also was President of EACHA from 2010-2012 an industry association he helped to found in 2006.

As a partner in Payments Advisory Group since 2013, a consultancy specialised on payments, he works as senior advisor to help clients, in Europe and beyond, to develop strategies and business/IT change programmes and deal with regulatory compliance, in the rapidly developing field of payments. SEPA, PSD1 and now PSD2 have been main themes. His clients range from banks, payment processors, global NGO’s, to corporates, fintech startups, and retail users of payments; and from the cash domain to e-commerce, electronic payments, wallets and mobile payments.  He is a regular speaker and panelist on the subject of payments and provides customised training to management teams. In an industry role for the retail payments clearing industry, he also serves as Secretary General of EACHA since 2012. During his early career, he held management positions in large Telco-, Energy- and IT-companies. Fred holds a degree in Econometrics and Monetary Economics from Erasmus University, Rotterdam. He is married, has four children and lives in the Netherlands.