A Single European Payments Area (SEPA) took a step forward last week as the European Parliament’s Economic and Monetary Affairs Committee voted through the Payment Services Directive (PSD.)The directive sets out clear rules giving consumers and businesses alike greater levels of protection and guarantees on all payments made within member states and cross border in the EU. It will cover all payments (including direct debits) whether made from a bank, a corner shop money remitter, a credit card o...

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