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Innovation in payments and the revised Payments Services Directive
Journal of Payments Strategy & Systems,
11
(1),
78-80
(2017)
Abstract
The payments industry is on the brink of huge change with the pending implementation of the revised EU Payments Services Directive. In the UK, this situation is complicated by the recent Brexit vote. Both the UK government and the banks will need to take steps to ensure that they are ready for the changes. This paper explains the detail of the upcoming regulatory changes and their impact.
Keywords: payments, Payments Services Directive, PSD2, Brexit, regulation, EU law
The full article is available to subscribers to the journal.
Author's Biography
Jacqui Hatfield is a financial services regulatory partner within the Financial Industry Group at Reed Smith LLP. She has over 20 years’ experience of providing regulatory advice across the broad spectrum of the financial services regulated community. Her clients include asset managers, brokers, banks, fund managers, fund platforms, payment service providers, e-money issuers, FinTech companies, exchanges and corporate finance boutiques. Jacqui advises clients based both within the UK and overseas, including the EU and USA.
