The impact of new regulatory initiatives on payments

Hari Prasad Josyula
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Hari Prasad Josyula: Dow Jones, USA

Journal of Payments Strategy & Systems, 2025, vol. 19, issue 3, 203-216

Abstract: This paper examines the key regulatory frameworks responsible for determining the payment operations of financial institutions, in addition to consumers’ interactions with payment providers, and discusses the associated challenges and potential opportunities. The paper discusses how compliance with modern regulations, such as the Revised Payment Service Directive and General Data Protection Regulation, in concert with legislation to combat money laundering and the financing of terrorism, enable better security practices through data security protocols and innovative protective measures. The paper argues that organisations that take a constructive approach to compliance management are not simply better protected from risks; they also enjoy a competitive advantage in the form of increased customer loyalty. Organisations must observe regulations as they make strategic technology investments to make their operations sustainable. To navigate the regulatory landscape successfully, payment providers must build strategic partnerships with industry participants. Security measures linked to technological advancement are essential for digital transactions to provide customers with convenience and regulatory compliance standards. This article is also included in the Business & Management Collection which can be accessed at http://hstalks/business.

Keywords: payment regulations; PSD2 compliance; data protection; AML directives; digital transactions; consumer protection; financial innovation (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2025:v:19:i:3:p:203-216

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