Product Type: Market Research Report
Published by: TowerGroup
Published: February 2008
Product Code: R301-1418Description In 2007, the European Parliament approved a legal framework for European payments called the Payment Services Directive (PSD). Viewed by many industry participants and observers as oriented toward consumer protection in the provision of payment services, the PSD has serious implications for business customers of all sizes and their banking providers. This TowerGroup Research Note describes the scope of the PSD and its relationship to the Single Euro Payment Area (SEPA) initiative, examines the implications of the PSD for corporate banking products and services, and recommends action steps for banks and business clients.
Table of Contents - Report Coverage
- Background
- Scope of the PSD and Its Relationship to SEPA
- Exhibit 1Connection Between the Payment Services Directive and the Single Euro Payments Area Initiative
- Implications of the PSD for Corporate Banking Products and Services
- Exhibit 2 Payment Services Directive Titles and Contents (2008)
- Exhibit 3 Sample European Direct Debit Refund Deadlines (2003)
- What Banks Should Do to Prepare Corporate Clients for the PSD
- Summary
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