European Payment Service Directive (PSD) e-money license
Euronet Worldwide, a provider of electronic transaction solutions, is launching its ATM service in Spain and Italy (view press release). Euronet received a European Payment Service Directive (PSD) e-money license in 2011 and this, coupled with approval for direct membership with Visa and MasterCard, will allow the company to acquire ATM debit and credit card transactions without the requirement of a sponsor bank.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
