Important initiatives have emerged in the past year that will impact how we do payments. Among them is the Payment Services Directive 2 (PSD2), which introduces new roles and rules for the European payment ecosystem.
We also should pay attention to Instant Payment, which speeds up the payment process thanks to a new payment scheme called SCTinst. This scheme is based on the SEPA Credit Transfer.
These regulations present an opportunity for merchants to upgrade their customer experience while improving the speed, convenience and security for consumers.
To find out more about these two new regulations, check out in our infographic below.
And be sure to stay tuned for more from our PSD2 & Instant Payment Basics series.