We’ve talked a lot about Europe’s updated Payment Services Directive (PSD2) recently, with the law’s start date just weeks away. Earlier in the month, Cathy provided a brief overview of the new EU regulation for XBIZ.com.
The goal is to drive innovation of new third-party products and services that use consumers’ existing banking data to help them make payments and manage their accounts. PSD2 creates the opportunity to access new markets while imposing strict regulations, ensuring anyone handling consumer information or transferring payment data is doing it safely.
You can read the full article on XBIZ.com.