The Barclays Corporate Financial Institutions team hosts an event to help clients understand upcoming European Commission regulation affecting payment systems.
Participants at the briefing session, which takes place today at 1 Churchill Place in London, will discuss the impact of the Payment Services Directive (PSD) D+1.
The initiative will require banks and building societies to ensure payments sent on behalf of their customers reach beneficiaries by the end of the following business day.
Financial institutions will be required to comply before January next year.
The PSD aims to create a more open, consistent and regulated payment system across all EU and EEA member states.
Colin Nutt, Vice Chairman, Financial Institutions, Barclays Corporate, hosts today’s event.
Jeremy Wilson, Vice Chairman, Financial Institutions; Marcus Bateman and Joy Bateman, Senior Product Managers; and Bernard Kelly, PSD Project Manager, are also attending to share their insight on the upcoming regulation’s impact on clients’ businesses.
They will highlight how Barclays can deliver solutions to help them meet new regulatory challenges.