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When do crypto firms need additional EU licences for stablecoin transfers? EBA issues guidance on the interplay between PSD2 and MiCA

The Payments Association

However, they will generally need to obtain authorisation under PSD2 to continue providing EMT transfer services beyond that date. Streamlined PSD2 authorisation: Where additional PSD2 authorisation is required, NCAs are advised to streamline procedures and leverage information already provided under MiCA.

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EU accepts modified version of Apple’s open NFC proposal

NFCW

To explicitly acknowledge that HCE developers are not prevented from combining the HCE payment function with other NFC functionalities or use cases. To remove the requirement for developers to have a licence as a Payment Service Provider (‘PSP’) or a binding agreement with a PSP to access the NFC input.

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DNA Payments’ Pay at Reception, Pay at Counter and Pay at Table Now Available on Oracle Cloud Marketplace

Fintech Finance

Complete sale transactions with the same card provided at check-in. End-of-day settlement transactions are to inform the payment service provider (PSP) system when the PMS initiates the end-of-day procedure. Purchase, refund and void transactions. Tokenised, secure transactions.

Void 98
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OIFC secures final CBO approval, prepares to launch Khedmah E-wallet

Fintech Finance

Oman Investment and Finance Company (OIFC) has obtained a license from the Central Bank of Oman to operate as a payment service provider (PSP) in the Sultanate. This step reflects the high confidence placed in Khedmah as one of the most reliable digital payment channels in the country.

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AI Merchant Payment Processing: The Battle for a Secure Processor

Segpay

Yet, for all its transformative potential, AI companies struggle to partner with a secure payment service provider (PSP), because of regulatory concerns surrounding emerging technologies. Payment processors, PSPs, acquiring banks and payment gateways operate under strict regulations.

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Data Sharing: The Magic Merchants Need To Smooth The SCA Speed Bumps

PYMNTS

What merchants must do now is take a deep inventory of what they are currently sharing with their payment service providers (PSP), and figure out how to widen that data channel. That, he noted, is considered a normal operating procedure among the Dutch.

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Know Your Customer (KYC): What It Is and How to Comply

Stax

Even if you’re not in the financial industry, you’ll need a payment processor or payment service provider (PSP) to start generating revenue, which means you’ll need to either have a proper risk management framework in place—or work with a PSP that has one.