Wednesday, 21 June 2017

Adyen: the new bank is not a bank any more

As my old friend Simon Leleiveldt points out...

"One big difference between banks and payment institutions is that payment institutions are barred access from the RTGS-system of the ECB. The reasons is that the Settlement Finality Directive does not allow for PIs to become a direct member of designated systems. Even though already 5 years ago, the Dutch Ministry of Finance has made it clear that from a policy perspective the Settlement Finality Directive should change in this respect, no further action can be seen on the EU-level."

Adyen: the new bank is not a bank any more

xxx

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