Online course: Payment Services Directive
The EU's second Payment Services Directive (PSD 2) is intended to promote competition in payment transactions and improve consumer protection at the same time. To this end, the directive regulates the rights and obligations of payment service providers and users as well as account-holding service providers such as banks. This course provides an overview of the most important legal principles, such as the Austrian Payment Services Act 2018 (ZaDiG 2018) and the German law implementing the Second Payment Services Directive.
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Payment Services Directive: Why is this course important?
The online course "PSD 2 - Payment Services Directive" plays a central role for professionals in the financial sector. It provides essential knowledge about the European Union's second Payment Services Directive, which has fundamentally transformed payment transactions in Europe.
General Information
The course begins with an overview of PSD 2, providing participants with a solid foundation for further understanding. This introduction is essential to grasp the directive's significance in daily business.
What is the PSD 2 Directive?
This section highlights the importance of the directive for European payment transactions. Employees learn how PSD 2 opens up the market for payment services and fosters innovation. This knowledge is crucial for advising customers competently and identifying new business opportunities.
Legal Foundations
Knowledge of the legal basis is indispensable for anyone working in the financial sector. The course offers a deep understanding of the legal framework, which helps minimize compliance risks and make informed decisions in everyday work.
Regulated by the PSD 2 Directive
This section provides an overview of the areas covered by the directive. Employees can better assess which aspects of their daily work are affected by PSD 2 and where adjustments might be necessary.
Stakeholders
Understanding the various stakeholders in payment transactions is of great importance. The course highlights the roles and responsibilities of all parties involved, which is essential for smooth collaboration and effective communication in daily work.
Payment Service Users
Here, participants learn about the customers' perspective. This is crucial for customer-oriented advice and the development of user-friendly products and services.
Obligations
Knowledge of the obligations of payment service users helps employees better inform customers and identify potential issues early on.
Liability
A solid understanding of liability issues is essential for correctly assessing risks and advising customers appropriately.
Authentication
Given the increasing importance of security in digital payment transactions, understanding authentication methods is highly relevant for employees in the financial sector.
Payment Service Providers
This part of the course is particularly important for employees of banks and financial institutions, as it highlights their own role and responsibilities.
Obligations
A clear understanding of their own obligations as payment service providers is essential for working compliantly and meeting customer expectations.
Liability
Knowledge of their own liability helps manage risks and implement appropriate security measures.
Fees
Information about fees is important for pricing and advising customers in daily business.
Payment Initiation Service Providers
Understanding these new players in payment transactions is crucial to keeping pace with the changing financial landscape.
Account Information Service Providers
Knowledge of these providers helps understand new business models and identify potential partnerships.
Account-Holding Payment Service Providers
This section is particularly relevant for bank employees, as it highlights their changing role in payment transactions.
Framework Contracts
Knowledge of framework contracts is essential for shaping customer relationships and complying with legal requirements.
Data Protection
Given the strict data protection regulations in Europe, a solid understanding of this topic is indispensable for all employees in the financial sector.
In summary, the online course "PSD 2 - Payment Services Directive" plays a key role in the continuing education of professionals in the financial sector. It not only imparts theoretical knowledge but also offers practical insights that can be directly applied in daily work. Participants are empowered to understand the impact of PSD 2 on their business environment, recognize opportunities, and tackle challenges. Thus, the course significantly contributes to strengthening the competitiveness and innovative capacity of financial institutions in a rapidly changing market environment.
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