PSD2 and the future of payments » Banking Technology

Under the revised Directive on Payment Services (PSD2), which is to be implemented in January 2018, new rules will be introduced designed to open access to payment account information to third parties. Banks will need to facilitate access via an API to their customers’ accounts and provide account information to these third parties should the account holder give consent to that access.

Sourced through Scoop.it from: www.bankingtech.com

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