Abstract

Abstract This chapter focuses on the EU's Payment Services Directive. It discusses the implementation of the Payment Services Directive; the meaning of the term ‘payment service’; the authorization requirement for entities that provide payment services; the different types of available authorizations and applicable conditions; ‘conduct of business’ requirements for the protection and information of service users; the rights and obligations of payment institutions and service users; rules on access to payment systems; powers of the UK Financial Conduct Authority (FCA); and the parallel development of the Single Euro Payments Area (SEPA).

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.