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Why Have Payments Become Sexy? By Marc Schluep, Head Strategy Merchant Services At Worldline

Payments regulatory news, July 2021 #2 | Hogan Lovells

To embed, copy and paste the code into your website or blog: Recent UK and EU regulatory developments focussed on the payments sector. See also our Financial institutions general regulatory news of broad relevance in the Related Materials links. Contents: Use of CBDCs to enhance cross-border payments: CPMI, BIS, IMF and World Bank report UK-US collaboration in digital payments: TheCityUK report PSD2: EBA consults on guidelines on limited network exclusion The European Banking Authority (EBA) is consulting on guidelines on the limited network exclusion (LNE) under the revised Payment Services Directive (PSD2). The EBA explains that Article 3(k) of PSD2 introduced an exclusion for services based on specific payment instruments that can be used only in a limited way. However, Article 37(2) of PSD2 provides that for payment transactions over EUR1 million, payment service providers (PSPs) relying on the exclusions under Article 3(k)(i) or (ii) of PSD2 must notify their competent au

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