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fire.com has today announced that it has been authorised to provide new payment services that will change the way businesses and people pay and get paid.
Earlier this year, the second payment services directive (PSD2) was implemented across Europe. The concept was designed to bring more innovation and competition to the payments market while enhancing standardisation and security for consumers. Central to the legislation was the definition and introduction of new regulated parties called Payment Initiation and Account Information service providers. fire.com has become the first Irish based payments firm to be authorised as a Payment Initiation Service Provider (PISP).
Read more here.