Typically, the nearest franchise handles the order and payment is collected from the head office and settled with the franchisee. However, handling these cash flows is now regulated by PSD2 legislation. This means that in these situations, the parent organization is considered a payment service provider and must be licensed to do so. Moreover, various requirements imposed by the regulator must be met.
In this paper, we take a closer look at these requirements, and you can read more about how you, as a franchise organization, can comply and at the same time make your payment flows smarter!
