News

Digital River World Payments awarded Payment Services Directive license in Europe

Thursday 21 July 2011 14:54 CET | News

US-based global e-commerce services company Digital River has been awarded an approved payment institute license for its Digital River World Payments solution, in accordance with the European Commission’s Payment Services Directive (PSD) regulatory initiative.

The PSD regulatory initiative provides a recognized set of rules for all payment services in the European Union (EU) to facilitate cross-border payments for consumers. The European Commission grants PSD licenses to payment service companies who comply with set of compliance requirements. The Digital River World Payments solution was granted a PSD license by the Swedish Financial Supervisory Authority.

The Digital River World Payments solution – part of Digital River’s comprehensive portfolio of global e-commerce services – enables online merchants to manage the entire payment lifecycle through a single connection to multiple payment services. These services include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as back-office reconciliation services and business intelligence tools.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Digital River World Payments, Payment Services Directive, PSD, Europe, European Union, payment institute license
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events