EU finalizes provisional agreement to update payment service rules, focusing on fraud prevention, fee transparency, and consumer protections. Key changes include stronger anti-fraud measures, data exchange requirements for payment service providers (PSPs), mandatory fee disclosures for ATM and card services, and new cash withdrawal options at retailers. The reforms aim to foster consumer trust and adapt to emerging digital payment models.
https://thepaypers.com/regulations/news/eu-reaches-provisional-deal-to-update-payment-services-rules