Facebook secures payments services licence

Michael Russian


The Sunday Business Post reports that Facebook has received a licence from the Central Bank to operate a financial payments service, two years after applying for authorisation.

A subsidiary of the social media giant can now act as a payments provider and electronic money issuer, as well as provide credit transfers and remittance services across the EU, as a result of the regulatory approval. The company has been in the payments space for some time in the US. AIB mortgage compensation plan to beat PTSB AIB customers affected by interest overcharging after being wrongly denied cheap ECB tracker mortgage rates will receive better terms than rival Permanent TSB gave borrowers under its redress scheme last year, according to the Sunday Times.

In addition to repaying overcharged interest, AIB will pay compensation equivalent to 15 per cent of refunds and a further amount taking account of the money customers had to…

View original post 250 altre parole



Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione / Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione / Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione / Modifica )

Google+ photo

Stai commentando usando il tuo account Google+. Chiudi sessione / Modifica )

Connessione a %s...