Tag Archive: PSD2

PSD2 regulation is a catalyst for innovation, says Deutsche Bank in Banking Technology

PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but Christian Schaefer, global head of payments, cash management, Deutsche Bank, believes its effect will be more far-reaching. Writing for Banking Technology magazine, Schaefer suggests it is no exaggeration to say that the result will …

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UniCredit’s Cédric Derras discusses the impact of instant payments and PSD2 in The Paypers’ “Online Payments and Ecommerce Market Guide 2017”

With instant payments and the new Directive on Payment Services (PSD2) on Europe’s doorstep, the payments market is undergoing a paradigm shift in how consumers and businesses exchange money. Cédric Derras, Global Head of Cash Management at UniCredit, explains in The Paypers‘ Online Payments and Ecommerce Market Guide 2017 what these developments will mean for corporates …

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How Deutsche Bank is forging a path to PSD2 compliance – bobsguide reports

Are you PSD2-Ready?, a new whitepaper published by Deutsche Bank, outlines a number of challenges for banks tasked with becoming PSD2-compliant. bobsguide sat down with Christian Schaefer, Global Head of Payments, Cash Management, Deutsche Bank, to discuss the report’s key findings. Read the full article here.  



Do not place PSD2 on the back burner, says Deutsche Bank in FTSE Global Markets

On January 13th, 2018, the new European Directive on Payment Services in the Internal Market (PSD2) comes into effect, marking the next stage of the European payments market’s transformation. Christian Schaefer, global head of payments, Cash Management, Deutsche Bank, explains the implementation hurdles and opportunities in an article for FTSE Global Markets magazine – and …

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Deutsche Bank discusses a new age in payments in Finextra

It will be regulation-led, but make no mistake: 13th January 2018 will see the start of a deep-rooted and long-term transformation of the European payments market. This is when PSD2, the new European Directive on Payment Services in the Internal Market, comes into force. While this prospect initially caused concern to some in traditional financial …

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Are you PSD2-Ready? A Deutsche Bank guide to the latest information and sources of support

By January 13th 2018, EU member states are obliged to transpose the new EU Payment Services Directive (PSD2) into national law. With the deadline fast approaching, organisations in the regulation’s scope must ensure they are prepared. As Sharokh Moinian, Deutsche Bank’s Global Head of Cash Products, Cash Management, puts it; “organisations affected – particularly financial institutions – must …

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A New Playing Field: Deutsche Bank discusses the implications of the new European Directive on Payment Services (PSD2) in Flow Magazine

PSD2 is certainly not a minor update of the original EU Payment Services Directive (PSD1) established in 2007. It brings three major changes to PSD1: it widens the geographical and currency scope of predecessor regulation; it introduces higher levels of payment security and authentication; and finally, and perhaps most disruptively, PSD2 licenses third party providers …

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Deutsche Bank’s Christian Schaefer discusses requirements ahead of PSD2’s effective date with Euromoney

  The second “European Directive on Payment Services in the Internal Market”, commonly referred to as PSD2, offers ample opportunities for Third Party Providers (TPPs) to innovate the traditional banking sphere – by bringing them under greater regulatory scrutiny. Interviewed by Euromoney, Christian Schaefer, Deutsche Bank’s Head of Payments, Cash Management Corporates, outlines TPP’s requirements …

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BNY Mellon’s Daniela Eder features in bobsguide PSD2 article on banks and PSD2

  In January 2018, all banks will have to be compliant with new PSD2 regulations. Daniela Eder, Cash Management Business Development Manager, Treasury Services, BNY Mellon, discusses the changes taking place and positive impact that PSD2 could have on the banking landscape. In the bobsguide piece, Eder is quoted as describing two factors that banks …

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BNY Mellon’s Daniela Eder explains the effects of PSD2 on the payments landscape in FX-MM

Huge change is afoot in the payments space, as markets develop, customer needs evolve and technology capabilities advance. Concurrently, legislation must progress in order to remain relevant to the operating environment, and the introduction of PSD2 reflects the significant developments that have occurred in the retail payment market since the implementation of PSD1 in 2007. …

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