Regulation of payment services

Phoebus L. Athanassiou

Chapter 16 in Comparative Financial Regulation, 2025, pp 255-271 from Edward Elgar Publishing

Abstract: The ever-increasing perimeter of payment services-specific rules adopted, in recent years, in jurisdictions across the globe bear testimony to the constant growth of regulatory interest in the activities of payment service providers. This interest is inter alia attributable to the fact that, essential as they are, payment services also expose their providers and recipients alike to certain risks: for the former, these include the risk of the insolvency and/or illiquidity of other financial intermediaries along the payment chain and, for the latter, the risks arising from fraud, breaches of privacy or abusive pricing practices. This chapter provides an outline of the law and regulation governing the provision of (non-cash) payment services, including money transfers and remittances, merchant acquiring and card payments, by payment service providers in select jurisdictions. While the focus of this chapter is on the main payment services-related rules applicable in the EU, the rules applicable in the UK and the US will also be touched on, for comparative reasons, but at a higher level of abstraction.

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035306473.00026 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22050_16

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().