New Payment Services Regulations: PSD3, MiCAR and PCI DSS

Course description

Evolution of Payments Regulation in Europe: European payments markets have undergone a significant transformation over recent years, with technological developments and especially fintech disruptors have spurred an accelerating evolution in payment services. The involvement of many new players and new kinds of finance (such as crypto assets) has brought new payment solutions and ecosystems into the European, UK and global markets.

With such fast-paced changes, the EU regulatory framework introduced new rules starting with the revised Payment Services Directive 2 (PSD2) which came into force in 2016 (2018 deadlines).

With the upcoming PSD3 and related Payment Services Regulation (PSR), and other regulations governing payments and digital transfers such as Markets in Crypto-Assets (MICA) and Financial Data Access (FiDA), and the global Payment Card Industry Data Security Standard (PCI DSS),regulators in the EU and globally have introduced significant changes to the regulatory framework for Payments and e-money infrastructures.

This practical one day workshop conducted by market expert provides a comprehensive overview of:

  • Emerging Payment Technologies: The rise of open banking, digital wallets, crypto payments, and CBDCs
  • Regulatory Focus: The new regulatory payments ecosystems within Europe and the need for banks, fintech payments providers, asset managers and insurers to incorporate regulatory changes within their operating models to ensure customer trust, avoid regulatory sanctions and maintain competitive advantage.
  • Challenges for Market Practitioners: Lessons learnt from PSD2 and operational, technological, and compliance considerations for firms as part of regulatory and market challenges

What will you learn

By attending European Payment Frameworks and New Regulations you will gain:

  • A comprehensive understanding of current and upcoming EU payments regulations
  • An ability to assess operational and compliance risks tied to new payment instruments
  • Strategies to align business models with regulatory expectations
  • Knowledge of reporting and disclosure requirements under new rules
  • Awareness of emerging trends shaping the future of payments

You may be also interested in the following programmes:

Register for any 2 public courses at the same time and save £100 + VAT (in total, not per course).


Main topics covered during this training

  • Key objectives and provisions of PSD2, PSD3/PSR, MiCAR & FiDA, and PCI DSS regulations
  • Impact of new payment methods (open banking, crypto, digital wallets, CBDCs) on financial services
  • Compliance obligations for banks, fintechs, asset managers, and insurers
  • Lessons learnt from PSD2 and best practices for implementing systems, controls, and reporting frameworks
  • Insights into future regulatory trends and strategic opportunities

Who should attend

  • Senior Managers responsible for Payments and  Cash Management at global Banks, Asset Managers, Brokerages/Trading Firms and Insurers
  • Payment Fintech Managers, Crypto Asset and Blockchain Fintech Managers
  • Heads of Compliance, Audit, Risk, and Operations at Banks, Brokerages, Asset Managers, Insurers, and Fintech firms

New Payment Services Regulations: PSD3, MiCAR and PCI DSS Course

Background and Scope

  • The EU’s push for a harmonized digital payments ecosystem
  • PSD2, Open Banking and Digital Banking frameworks – and PSD3/PSR enhancements to the EU regulatory framework
  • The role of PSR in standardising payment services
  • FiDA’s focus on data sharing beyond payments, and the PCI DSS focus on data sharing within payment card transactions
  • MiCAR’s framework for regulating crypto assets and stable-coins
PSD2, PSD3, PSR, FiDA, PCI DSS & Payments Core Concepts and Scope
  • PSD2: Strong Customer Authentication (SCA), open banking APIs, and Third-Party Provider (TPP) roles
  • PSD3 & PSR Enhancements: Addressing gaps in fraud prevention, improving TPP licensing, and strengthening consumer rights
  • Payment Services Regulation (PSR): Standardizing instant payments, improving transparency, and ensuring fair competition
  • Financial Data Access (FiDA): Expanding open finance beyond payments to insurance, investments, and pensions
  • Payment Card Industry Data Security Standard (PCI DSS): Focus on information security controls around cardholder data and reducing payment fraud within the payment cards business flows
  • Industry Implications: How banks, fintechs, and insurers must adapt to new data-sharing and compliance demands

Cryptocurrency, Digital Wallets & MiCAR Core Concepts and Scope

  • MiCAR Overview: Licensing for crypto-asset service providers (CASPs), stablecoin regulations, and investor protections
  • Crypto Payments: How firms can integrate compliant crypto transactions under MiCAR
  • Digital Wallets & CBDCs: Regulatory treatment of e-money wallets and central bank digital currencies
  • Stablecoin Compliance: Reserve requirements, redemption rights, and oversight under MiCAR
  • Operational Challenges: Custody, AML, and risk management for crypto-related services

Key Regulatory Changes in Payments 

  • Stricter SCA and fraud monitoring under PSD3
  • Mandatory participation in open banking under FiDA
  • Standardized API frameworks for TPPs
  • Enhanced consumer dispute resolution mechanisms
  • New licensing regimes for crypto firms under MiCAR

Considerations for Market Practitioners

  • For Banks: Balancing open banking compliance with competitive threats from fintechs
  • For Asset Managers: Assessing crypto custody and trading under MiCAR
  • For Insurers: Leveraging open finance (FiDA) for embedded insurance products
  • For Brokerages: Adapting to crypto-asset regulations for client offerings
  • For Fintech companies: Navigating licensing, data-sharing, and innovation under new rules

Reporting and Disclosures

  • Transaction reporting under PSD3/PSR
  • MiCAR disclosures for crypto-asset white papers
  • Fraud reporting and incident notifications
  • Open banking data access logs under FiDA
  • Annual compliance audits for regulated entities

Systems and Controls

  • Implementing SCA and secure API infrastructure
  • Fraud detection and real-time transaction monitoring
  • Data protection under GDPR, PCI DSS and open finance rules
  • Crypto-asset custody and wallet security
  • Internal governance frameworks for regulatory adherence

Horizon Scanning

  • Potential expansion of PSD3/PSR to new sectors
  • EU’s digital euro (CBDC) developments
  • Global alignment of crypto regulations
  • AI’s role in fraud prevention and compliance
  • Future legislative proposals impacting payments

 

Trainer

The Course Director is an industry advisor and regulatory expert with over 20 years of experience in investment banking, asset management and Regulatory Technology (RegTech). He is an industry expert in Financial Regulation, RegTech, Open Banking, Digital Payments and Payments Systems and cover all the key banking and finance regulations across US, EMEA and APAC.

He has a deep expertise in analysing and implementing FinTech lending and asset management models, including Digital Banking and Digital Assets infrastructure (using Blockchain for central banking (CBDCs)) and is experienced in strategic regulatory Technology, Process and Platform management, particularly creating future state Open Banking APIs, Payment Platforms, RegTech Big Data platforms, and incorporating Risk and Governance policies

His recent key engagements include banks such as HSBC, Deutsche Bank, JP Morgan and Barclays and buy side firms such as T. Rowe Price, Ruffer, M&G and Investec Asset Management. He is also a member and advisor of Industry association committees for regulatory consultations with bodies such as ESMA, FCA, PRA/Bank of England and SEC.

 

FAQ

We offer banking and finance courses as well as soft skills and business management training. You can either attend an open public course in London or Dubai or arrange customised in-house training to be delivered in any of your offices worldwide.

Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.

In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.

Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.

In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).

In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.

Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.

Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.

Dress code is smart casual.

All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.

The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.

We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.

In order to understand your requirements and expectations, we will send you a pre-course questionnaire.

You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.

There are 2 easy ways to register:

  1. Go to the course of your choice and click Register Now button to fill the registration page
  2. Email us to enquiry@eurekafinancial.com

After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.

If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.

We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.

We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.

You can pay by:

  • Making a bank transfer
  • Debit/credit card
  • Cheque payable to Eureka Financial Ltd. - only within UK

Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.

If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.

Included in the price of a public course are:

  • Course tutorial
  • Take away course materials
  • Course Certificate
  • Lunch on the days of the training as well as drinks and snacks throughout the course

The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.

Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.

If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.

If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.

See our Customer Loyalty Discounts page for more details.

All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.

You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:

For Delegates coming from the EU countries

If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the UK
  • You don't make any supplies in the UK

You can find some more information here. In order to claim the VAT you have to fill Form 65.

For the Delegates from Non EU countries

If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the EU
  • You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
  • You don't make any supplies in the UK

If the following rules apply to you, please fill the 65A form and send it to HMRC.

Webinars

You can cancel your participation up to a month before the course and receive a refund minus 10% of the full course value. Between 2-4 weeks before the course you will be charged 50% cancellation fee and if you cancel less than 2 weeks before the course you can only offer your place to a colleague. Up to 2 weeks before the course you can reregister for another edition for 10% reregistration fee if there is another webinar offered or you can rebook for a course in London by paying the difference in price plus 10% reregistration fee.

Classroom Courses

If there is any official travel restriction or difficulty related to the COVID pandemic around the time of the course we will convert the training into a webinar or offer to attend the next classroom edition at no extra cost.

If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 10 days before the training, you can transfer your booking to another edition within the next 6 months paying administrative fee of 20% of the full course price. For any cancellation requests received between 11 days and 4 weeks from the course we offer 50% refund or reregistration to another edition for 25% of the value of the booking. For any cancellation requests received more than 4 weeks before the course date we will offer a refund less an administration fee of 10% of the full course price.

Cancellations must be made in writing (letter or email) and reach our office four weeks prior to the course date. We regret that only limited refunds can be given after this period as per points above. Non-attendance without any notification will be charged at full rate. Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.

All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.

Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.

Yes, you will receive a Certificate of Attendance at the end of the course you attend.

If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.

It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.

Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.

We will need the following information to issue an invitation letter:

  • Full name as it appears on your passport
  • Date of birth
  • Passport number
  • Passport issue date
  • Passport expiry date

This topic can be arranged on in-company basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements

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