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May 7, 2015updated 04 Apr 2017 4:03pm

BlueSnap receives payment institution status from FCA

BlueSnap, a payment solutions provider for the card-not-present marketplace, has been authorised as a payment institution by the UK Financial Conduct Authority (FCA) under the payment services directive (PSD).

By Verdict Staff

BlueSnap, a payment solutions provider for the card-not-present marketplace, has been authorised as a payment institution by the UK Financial Conduct Authority (FCA) under the payment services directive (PSD).

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The license will validate BlueSnap as a trusted payment partner for European merchants. It will also enable the company to further enhance its global payment gateways.

The PSD will assist payments industry in facilitating transactions across Europe efficiently and with more transparency, providing for sufficient government oversight for the protection of consumers.

PSD, an EU-wide regulation, provides for licensing of payment institutions and requirements regarding payment services.

The license will be only issued to firms that satisfy requirements set forth by the FCA and which fulfil a set of rules and obligations to ensure quality and stability of the international payment sector.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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