European Parliament Adopts Revised Directive On Payment Services (PSD2)
A View from Constantine Cannon’s London Office
By James Ashe-Taylor and Yulia Tosheva
The European Parliament formally adopted
the revised Directive on Payment Services (PSD2) today.
The new law, proposed by the European Commission in July 2013, aims to enhance consumer protection, innovation and security of payment services. Among the key changes introduced by the new rules are the following:
International Competition Issues,