PSD2 and its impacts on merchants and their customers

The PSD2 (Payment Services Directive 2) is likely to bring new account-based payment solutions, acting as alternatives to traditional card-based payment solutions. An account-based payment can be compared to a credit transfer directly initiated by the consumer from his bank account to a merchant bank account. In this context, merchants will be under pressure from their customers to accept account-based payment methods online and in stores.

Sourced through Scoop.it from: worldline.com

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