Digital River Payments Solution Licensed by EC

July 21, 2011

E-commerce solutions provider Digital River, Inc. said its Digital River World Payments solution has been licensed by the European Commission’s Payment Services Directive (PSD). The PSD regulatory initiative provides a recognized set of rules for all payment services in the European Union (EU) to facilitate secure cross-border payments for consumers. The European Commission grants PSD licenses to payment service companies who comply with a distinct set of compliance requirements. “Receiving the PSD license further strengthens Digital River World Payments’ market leadership position,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “The PSD license combined with Digital River’s payments experience and industry-leading fraud technologies reinforces Digital River World Payments’ standing as one of the most trustworthy payment solutions available in the EU.”