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PSD2 and MIF Regulation Create Opportunities in Europe for Those Who Can Adapt, Claims New PAY.ON White Paper

MUNICH, May 4, 2016 /PRNewswire via COMTEX/ -- MUNICH, May 4, 2016 /PRNewswire/ --

PAY.ON, an ACI Worldwide company and a global partner for white label payment technology, has published in collaboration with First Annapolis a new white paper that explores the implications surrounding - and the opportunities arising from - the revised Payment Services Directive (PSD2) and the Regulation on Multilateral Interchange Fees (MIF).

PSD2 is part of the European Commission's efforts to strengthen the internal EU market, and has far-reaching implications for card issuers, acquirers, PSPs, and merchants. Access to the account is one area in particular where fast-moving innovators are set to disrupt the status quo, although incumbents also have the opportunity to solidify their position by creating new consumer services.

Requirements for two-factor authentication will also cause tension, as the industry strives to deliver a more seamless payments experience. Those PSPs, acquirers, and other players that can innovatively combine and balance security with a seamless payment experience stand to gain the most, according to the new paper.

Interchange fee caps will have the largest impact out of those areas covered by the MIF Regulation. Acquirers and PSPs already benefit from the lower credit and debit rates, but face technical and...