PSD3 and the PSR: What payments and e-money firms need to know now

The upcoming PSD3 and Payment Services Regulation (PSR) mark the most significant shift in the European payments landscape since PSD2, with far-reaching implications for payment and e-money institutions. In this webinar, fscom specialists Matt Allen and Stuart Grimmond will explain what is changing, when, and what firms should be doing now to prepare. They will explore how the new regime will reshape authorisations, safeguarding, fraud liability, open banking and customer protections, and what this means in practical terms for your business.

Drawing on their extensive regulatory experience, Matt and Stuart will set out the key elements of the legislative package, the expected implementation timeline, and the steps firms should take during the transitional period to avoid last-minute bottlenecks and supervisory pressure.

What we will cover

By attending, you will gain clarity on:

• The PSD3 / PSR package at a glance: How the Directive and Regulation work together, and why this reform is different from PSD2, including the move towards greater harmonisation across the EU.
• New expectations of payment and e-money institutions: Stronger supervisory powers, enhanced customer protection (including stronger SCA and verification of payee), and increased transparency obligations.
• Convergence of the PI and EMI frameworks: What the removal of the legal distinction between PIs and EMIs means in practice, including authorisations, e-money issuance and the repeal of EMD2.
• Authorisation, safeguarding and fraud: New requirements for wind-down planning, potentially higher initial capital requirements, diversification of safeguarding methods (including access to central bank accounts), and the shifting burden of proof and liability in fraud cases.
• Open banking, data access and access to cash: How expanded data-sharing obligations, improved access for non-bank PSPs and measures to support access to cash will influence your product, customer journey and risk management.
• Timeline and practical next steps: Expected dates for final texts and implementation, transitional arrangements for existing PIs and EMIs, and a clear set of actions to start your PSD3 / PSR readiness programme now.

Who should attend

This session is designed for:

• Senior managers and board members of payment and e-money institutions.
• Compliance, risk and regulatory affairs professionals.
• Legal and policy teams tracking EU payments legislation.
• Product and operations leads responsible for implementing regulatory change.

Join us to understand what PSD3 and the PSR really mean for your firm and how you can move early to meet supervisory expectations, protect customers and position your business for the next phase of EU payments regulation.