A Global Processing Services White Paper produced in association with PIF
GPS has produced a White Paper in association with Prepaid International Forum (PIF) on ‘Open Banking: Opportunities & Challenges’.
Open Banking was first considered as early as 2013 by the European Union (EU). It was later proposed under the second Payment Services Directive (PSD2) and fully adopted in 2016. Growth will continue in the UK and Europe, but also significantly within the APAC region where the concept is appealing to a wider, highly tech-savvy audience who are more likely be early adopters.
Read this White Paper that discusses the opportunities and challenges, and the initiatives taken by countries across the world to facilitate developments in Open Banking.
Download it here.
GPS statement on FCA restrictions relating to Wirecard Card Solutions
On Friday, 26th June 2020, the UK Financial Conduct Authority (FCA) imposed a temporary suspension on the activities of Wirecard Card Solutions Limited (WDCS). This included the processing of...