European Institute of Management and Finance | Payment Services Directive (PSD2) & Instant Payments
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Payment Services Directive (PSD2) & Instant Payments

Payment Services Directive (PSD2) & Instant Payments


Having a clear picture of the Payment Services Directive 2 (PSD2) is vital for professionals within the sector to enable them to effectively perform their functions. This programme is designed to provide participants with a good understanding of the regulatory requirements of Payment Services Directive 2 (PSD2) and their applicability to the different participants in the payment services.


The seminar will illustrate the key objectives of PSD2, regulatory requirements and exemptions, the key differences between the first payment service directive and PSD2, as well as highlight key challenges and factors for project managers to consider whilst implementing PSD2 compliance and provide practical guidance on what needs to be considered to ensure compliance with PSD2.



Training Objectives


The programme seeks to enhance the skill-sets and knowledge of the participants, who by the end of the programme, will develop a core understanding of the key objectives and regulatory obligations of PSD2, including:


  • Key Objectives of PSD2 legislation as applicable in EU
  • Key differences between the First Payment Service Directive and PSD2
  • Regulatory changes and evolution in the payments space in EU
  • Payment Services Providers – new actors introduced
  • Key benefits of PSD2
  • Impact on key stakeholders
  • Operational factors to consider whilst implementing PSD2



Training Outline


Key Objectives of PSD2

  • Evolution from First PSD1 to PSD2
  • Integrated European electronic payments market
  • Overview of legislation
  • Strong customer security and protection provisions


Payment Service Providers

  • Role of a Payment Initiation Service Provider (PISP)
  • Role of an Account Information Service Provider (AISP)


Key Benefits & PSD2 Exemptions


Impact on Key Stakeholders

  • Impact on banks
  • Impact on third party providers
  • Impact on Corporates and Retailers


Factors and Challenges to consider whilst implementing PSD2

  • Senior Management responsibility for successful implementation of PSD2
  • Implications on a firm’s governance and compliance
  • Related Regulations
  • Impact on IT infrastructure
  • Business Continuity Planning



Training Style


The programme is designed to deliver knowledge, consolidate and enhance participants’ knowhow and skills via regulatory lectures, interactive case-studies and live practical examples. The use of interactive case studies will help participants to think critically about scenarios that will be relevant to their respective roles and organisations.



Who Should Attend


The programme is ideal for:


  • Compliance practitioners
  • MLRO
  • Heads of Risk and Compliance
  • Project managers responsible for implementation of PSD2