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The Payment Services Directive will cost banks €6 billion

This is according to a survey performed by PSE Consulting and published on Euractiv yesterday. The Payment Services Directive (PSD) is the bit of integrating Europe’s low value payments systems that provides the legal support for the Single Euro Payments Area (SEPA).  The only thing is that it goes a lot further in its wordings, implications and ramifications.  Watch this space.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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