€160
+ VATLive Online
3 CPD Units | 3 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
The enhanced Payment Services Package introduces significant changes to the payment services framework, with a focus on enhancing security, innovation, and consumer protection. Additionally, measures to mitigate fraud and unauthorized transactions have been reinforced, ensuring higher levels of security and trust. The legal obligations for payment service providers have been expanded, specifying requirements for strong customer authentication, data protection, and risk management practices to ensure a secure and efficient payment ecosystem.
Building on the foundation laid by the previous directives, the enhanced package aims to further strengthen consumer protection, promote competition, and adapt to evolving technologies in the payment services industry. This framework prioritizes aspects such as secure payment transactions, customer rights, and promoting innovation in the payment services sector. The focus on combating fraud and securing instant payments ensures that transactions are not only faster but also safer and more reliable.
Furthermore, the introduction of Instant Payments Regulation highlights the importance of instant payments, which are becoming increasingly crucial in the modern financial landscape. This regulatory focus ensures that payment services keep pace with technological advancements and market demands for faster and more efficient transactions. Overall, the new legal and regulatory obligations have been further strengthened, broadened, and detailed, bringing about significant changes in the payment services industry. These changes focus on enhancing consumer protection, trust, security, and innovation, aiming to ensure compliance with legal requirements and best practices in the constantly evolving digital landscape.
Training Objectives
By the end of the programme, participants will:
To present the key Legal Rights and Obligations under the PSD3 / PSR ;
To analyse the consumer protection rules according to PSD2 focusing on the most important updates, such as the amendments of the third payment services directive, the relevant regulation, as well as the instant payments framework (PSD2, PSD3, PSR);
To analyse the practical implications of the legal requirements;
To analyse the impact of the legal requirements in relation to fraud and instant payments;
To provide guidance concerning compliance with the new requirements.
Training Outline
Introduction to Payment Services Framework (PSD2, PSD3, PSR)
Overview of the legal framework
Definitions, Objectives, and Purpose
Challenges in Payment Services
Enhanced Payment Services Package – Main Requirements
Legal Rights and Obligations
Consumer Protection
The Cyprus Law
Compliance in the Digital Era
Evolving Payment Services Framework
Overview of the enhanced legal framework
Objectives and Purpose
Payment Services and Fraud
Unauthorized Transactions
Fraud Detection and Implementation
Legal Implications
Compliance challenges and considerations in Payment Services
Practical Examples, Questions & Discussion
Who Should Attend
Legal advisors at any position
Qualified Lawyers
Compliance officers at any position
Auditors
People working in Payment Institutions (PIs), EMIs, PISPs, AISPs, Banking Institutions
Any person who provides payment services, or is involved in the payment services industry in Cyprus and the EU
Training Style
The programme is designed to deliver high-level knowledge and practical guidance to the participants and shall include lectures, power-point presentations and practical examples to enhance participants’ understanding of payment services regulations in EU and Cyprus.The program aims to provide in-depth knowledge and practical examples through the analysis of the legal framework. Participants will be engaged in interactive sessions, be able to ask questions, share opinions and benefit from feedback to their queries, enabling them to apply their learning at the workplace.
CPD Recognition
This programme may be approved for up to 6 CPD units in Banking and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Elena Niki Karletidi
Dr. Elena Niki Karletidi, an exceptional business lawyer, who brings over 15 years of experience in legal, compliance, and risk areas, specializes in Commercial Law, Company Law, Banking Law, Contract Law, Investment Law, and Consumer Protection Law. Elena is a qualified Lawyer both in Greece and Cyprus Bar Associations, and holds an LLM in International Commercial Law and a PhD in Law. Her doctoral thesis, ‘Legal Relations in Crowdfunding in Cyprus: Legal Issues and Challenges in the Digital Age,’ provides an innovative and groundbreaking legal analysis of the legal framework for Crowdfunding in EU and Cyprus, published as a practical legal guide with Nomiki Bibliothiki in 2024. Elena is a dynamic leader in training, guiding teams through legal and regulatory landscapes, simplifying complexities and spearheading success in the financial sector. Fluent in Greek, English, and French, she brings a wealth of knowledge and practical experience, making her exceptionally effective in delivering practical legal training and advice. Elena is also a certified mediator and a member of the Cyprus Centre for Alternative Dispute Resolution. Since 2011, she has served as Legal Counsel for credit institutions in Cyprus, advising on various legal matters. Currently, she holds the position of Assistant Manager at a systemic bank in Cyprus, specializing in Regulatory Compliance. Elena is also a professional member (MiCA) of the International Compliance Association (ICA) and a Founding Member and Board Member of the Cyprus Compliance Association (CCA).
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
Join us to gain insights from Alana Hill, learn practical strategies for turning conflict into opportunity, and discover how challenges can drive growth and stronger team performance.
On All Self-Paced eLearning CPD Courses in Financial Regulation
Hosted by the EIMF and the Chartered Governance Institute
Engage with 20+ leading experts and earn 6 CPD units in Financial Regulation.
Not sure if it’s right for you? Let’s talk.
Discount Coupon: NYNY10
Valid until 31 Jan 2025 23:59
Register now to receive a valuable educational resource each day and be automatically entered into our Grand Christmas Draw on 24th December – Don’t miss out!
On Self-Paced eLearning Courses
*complete your purchase before 21 April 2024