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:
DATE: 4 October
DURATION: 6 hours
CPD UNITS: 6
FEES: €250 + VAT
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This course is addressed to:
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Paul is Senior Consultant Retail and e-Commerce at Payments Advisory Group, an international consultancy specialized in the payments domain, working together with all stakeholders, including payment processors, banks, corporates, fintechs, retail, and public sector organizations. Payments Advisory Group provides advisory and implementation services, interim management and market research. Paul uses his knowledge and network to help clients to develop strategies on topics such as PSD2 and RTS, online identification, loyalty, blockchain, omnichannel solutions, and more. Next to that, Paul is frequently invited as speaker or host, covering events from international conferences to in-company workshops.
Previously, Paul worked as Senior Advisor Payments at Thuiswinkel.org, the national association for the B2C e-commerce industry with over 2200 members in The Netherlands, and was chairman of the e-Payments committee of Ecommerce Europe, the Brussels’ based association representing 25.000+ companies selling products and/or services online to consumers in Europe. For Ecommerce Europe, Paul is the “technical expert” in the Euro Retail Payments Board, chaired by the European Central Bank, and Co-Chair of the ERPB Working Group on Payment Initiation Services.