Global Payments Regulation, 2018: From Compliance to Innovation
Report Summary
Global Payments Regulation, 2018: From Compliance to Innovation
Individual regulators may be pursuing different strategies, but they are increasingly following similar themes and goals.
Boston, February 22, 2018 – The burden of regulations and compliance is not a new consideration for the payments space. But the melange of global regulations is adding complexity to corporate players’ payment operations, and these companies will require comprehensive roadmaps for future development. Do existing banks and payments providers have a significant opportunity to help guide their corporate customers through these changes?
This report provides a snapshot of some of the key regulations and initiatives affecting the wholesale payments space in 2018 internationally, including the revised Payments Services Directive, the General Data Protection Regulation, and real-time payments. It is based on Q4 2017 and Q1 2018 Aite Group interviews with high-level executives in the banking, payment services, and technology vendor space.
This 33-page Impact Report contains eight figures and one table. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Clear2Pay, ClearxChange, Facebook, FIS, Jack Henry & Associates, Mastercard, Osko, PayPal, Ripple Labs, Swift, The Clearing House, Visa, Vocalink, and Zelle.