New payment regulations under the second Payment Services Directive (PSD2) come into force this week. However, there are still issues such as identifying card types, and the market could also see new products and entrants.
In this webinar our panel, Alex Fitzpatrick of Travelport, Nick Reid of Conferma and Farina Azam of Travelaw discuss some of the implications of the revised directive on buyers and suppliers.
Acronyms and terms explained
- Commercial card - business card solutions including lodge cards and virtual payments
- FCA - Financial Conduct Authority (UK)
- EBA - European Banking Authority
- SCA - strong customer authentication
Watch the webinar in full or jump to these times to hear the discussion on different areas.
00:00 Introduction: Panel, what is PSD2 and what will it do?
07:52 What is the timescale for PSD2?
18:14 Will we see the costs of travel and expense related transactions fall or rise?
25:13 Will there be any caps on corporate card fees? Will corporate card rebates be affected?
31:50 Will we see corporations working with new entrant payment sector disruptors>?
34:53 Are the additional security requirements likely to cause any issues for companies with corporate card programmes?
46:29 How are travel suppliers approaching PSD2? How will Brexit affect the implementation and is the industry ready?
Download the presentation slides
