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The Payment Services Directive II: A Commentary

The Payment Services Directive II: A Commentary

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The Payment Services Directive II (PSD2) is a comprehensive framework aimed at enhancing competition, innovation, and security in the European payments market. Introduced in 2018, this directive allows third-party providers access to bank data and services, mandates immediate refunds for unauthorized transactions, and sets rules for third-party access to payment accounts. The directive's main objectives are to contribute to a more integrated and efficient European payments market, level the playing field for payment service providers, make payments safer and more secure, and enhance protection for European consumers and businesses. By promoting innovation and competition in retail payments, PSD2 supports the evolution of the European payments ecosystem, driving a customer-centric experience and strengthening consumer confidence. The directive's impact is multifaceted, with benefits extending to both traditional financial institutions and innovative payment services providers.
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Description
The Payment Services Directive II (PSD2) is a comprehensive framework aimed at enhancing competition, innovation, and security in the European payments market. Introduced in 2018, this directive allows third-party providers access to bank data and services, mandates immediate refunds for unauthorized transactions, and sets rules for third-party access to payment accounts. The directive's main objectives are to contribute to a more integrated and efficient European payments market, level the playing field for payment service providers, make payments safer and more secure, and enhance protection for European consumers and businesses. By promoting innovation and competition in retail payments, PSD2 supports the evolution of the European payments ecosystem, driving a customer-centric experience and strengthening consumer confidence. The directive's impact is multifaceted, with benefits extending to both traditional financial institutions and innovative payment services providers.
Details
  • Product Type: BOOK
  • Barcode: 9781839105678
Delivery and Returns
Dispatch Information: Dispatch times vary by item and items are only dispatched on UK working days – not weekends or UK Bank Holidays. Items marked "Dispatched Same Day" will be dispatched on the day of purchase if bought before 2pm GMT. "Dispatched Same Day" items bought after 2pm GMT or on a non-working day will be dispatched on the next working day. For all other items the dispatch timeframe is clearly labelled on the product page.

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Shipping Costs: We offer free delivery on all UK orders and free worldwide delivery on orders over £15.

Tracking Your Order: All UK orders are tracked. Once your order is dispatched, you will receive a tracking number via email. You can use this tracking number to monitor the progress of your delivery on the Royal Mail Track and Trace website.

Returns and Exchanges: We want you to be completely satisfied with your purchase. If for any reason you are not happy with your order, you may return it within 28 days of the item being dispatched for a refund or exchange. Please note the following guidelines:
- Items must be returned in their original condition and packaging – items that have been opened or had shrink wrap removed are not eligible for return or refund.
- Make sure to include your order number in the returned package.

How to Initiate a Return: To initiate a return or exchange, please contact our customer service team. The team is available to assist you with any questions or concerns you may have about the process.

Refund Processing: Refunds will be processed as soon as we receive your item back into our warehouse. Replacements are subject to availability and if a replacement is not available, a refund will be issued.

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