Europe’s lenders have warned the European Commission that the sector will not be prepared by a 14 September deadline to abide by new online payment regulations – the so-called Second Payment Services Directive – without serious disruptions to the service.
In a letter from the industry to the European Commission, the industry has warned that up to 25% of online transactions could be affected and are requesting time to adapt. The disruption would be especially felt in the retail sector. The proje...

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