As the European Commission updates the Payment Services Directive (#PSD2), 2018 is set to be a game-changing year for the financial industry. Opening the door to data – if you’re an EU citizen, have economic stakes in the game, or simply a finance-freak – here’s what you should know about it. Since the update on […] [Read More]
Summary… * Machine-Made
As the European Commission updates the Payment Services Directive (#PSD2), 2018 is set to be a game-changing year for the financial industry.
Think of it as an Uber or Airbnb-type disruption to the payments sector because a third party can now have consolidated access into bank account information.
In anticipation of 2018, when #PSD2 comes into force, consumers can use Gradefix via the Account Information Services API.
Revisions for a reasonThe revised directive is a direct response to the progress achieved in integrating retail payments within the EU.
As such, the enhancements in consumer protection, promotion of innovation, and improvement of payment services security is in high demand.
Opinion… * Man-Made
Source: The Next Web