In this payment guide, the Moorwand team break down the three key payments regulations a founder needs to know about when launching their new card programme:
- The first is the Anti-Money Laundering Directive (AMLD). It sets out rules for entities operating in the EU to combat money laundering and terrorist financing.
- The second key legislation, the Payment Services Directive (PSD2), was created to encourage competition and establish payment security in Europe.
- Whilst the third, which stretches across far more industries than just the financial services sector, is the General Data Protection Regulation (GDPR). It addresses the issues surrounding companies’ storage and protection of personal data.
Read the full guide by heading to the Moorwand website