PSD2: Real-time processing? Not so fast

Industry experts observe that while the revised Payment Services Directive (PSD2) represents an opportunity for corporate treasury to take advantage of real-time payment processing, it will take some time for the full benefits to be realised.

The 2018 UK business payments barometer report published by Bottomline Technologies notes that financial decision-makers recognise the change that PSD2 can bring to payments within their businesses.

Few observers expect large numbers of corporates to become payment-initiation service providers, offering their own service to their customer bases in an attempt to bypass payment service fees.

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Bob Stark, Kyriba

However, some of those operating efficient shared services and payment factories may be interested in extending their reach into payment initiation, according to Bob Stark, vice-president of strategy at Kyriba.

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