Navigating the Key Aspects of PSD3 and Fraud in the EU and Cyprus in practice

The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more

Course Overview

The enhanced Payment Services Package introduces significant changes to the payment services framework, with a focus on enhancing security, innovation, and consumer protection. Additionally, measures to mitigate fraud and unauthorized transactions have been reinforced, ensuring higher levels of security and trust. The legal obligations for payment service providers have been expanded, specifying requirements for strong customer authentication, data protection, and risk management practices to ensure a secure and efficient payment ecosystem.

Building on the foundation laid by the previous directives, the enhanced package aims to further strengthen consumer protection, promote competition, and adapt to evolving technologies in the payment services industry. This framework prioritizes aspects such as secure payment transactions, customer rights, and promoting innovation in the payment services sector. The focus on combating fraud and securing instant payments ensures that transactions are not only faster but also safer and more reliable.

Furthermore, the introduction of Instant Payments Regulation highlights the importance of instant payments, which are becoming increasingly crucial in the modern financial landscape. This regulatory focus ensures that payment services keep pace with technological advancements and market demands for faster and more efficient transactions. Overall, the new legal and regulatory obligations have been further strengthened, broadened, and detailed, bringing about significant changes in the payment services industry. These changes focus on enhancing consumer protection, trust, security, and innovation, aiming to ensure compliance with legal requirements and best practices in the constantly evolving digital landscape.

Training Objectives

By the end of the programme, participants will:

Training Outline

Introduction to Payment Services Framework (PSD2, PSD3, PSR)

Enhanced Payment Services Package – Main Requirements

Evolving Payment Services Framework

Payment Services and Fraud

Legal Implications

Who Should Attend

Training Style

The programme is designed to deliver high-level knowledge and practical guidance to the participants and shall include lectures, power-point presentations and practical examples to enhance participants’ understanding of payment services regulations in EU and Cyprus.The program aims to provide in-depth knowledge and practical examples through the analysis of the legal framework. Participants will be engaged in interactive sessions, be able to ask questions, share opinions and benefit from feedback to their queries, enabling them to apply their learning at the workplace.

CPD Recognition

This programme may be approved for up to 3 CPD units in Banking and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.