Beginning of 2018 to mid-2019
A leading PCI certified Payment Service Provider offering innovative and diverse solutions for global payment transactions from a single source.
MSIDC project order:
Structured and conceptually finalized elaboration and evaluation with regard to the attainment of the status “payment institution” or “e-money institution”. Alternative consideration of a partner model instead of an own certification as payment institution. Comparison of the advantages and disadvantages of the partner model vs. payment institution or e-money institution.
Evaluation of partner companies in various countries, including France, Ireland, Lichtenstein and Germany Conclusion of a corresponding partner contract (status of an e-money institution agent). Subsequent evaluation of the regulatory authorities in Germany, Ireland, Luxembourg and Liechtenstein. Preparation of the relevant application documents for obtaining certification as a “payment institution” with the selected regulatory authority.
Preparation of the agent contract “e-money
Preparation of application documents (account information service, payment initiation service, acquisition business, payment business, e-money)
Advice on organizational changes
National and international negotiations
Contract negotiations at the first level
Presentations to the Steering Committee