PSD2 on the horizon: Three impacts on international payments in 2017

The revised Directive on Payment Services (PSD2) doesn’t actually come into effect until 1st January 2018, but I’m sure that the preparations for this momentous change are sure to be the big story of 2017. Created by the European Commission, PSD2 is intended to break the banks’ monopoly on their customers’ information, enabling those customers to use third-party providers for a range of financial services, while retaining the security and simplicity of keeping their money where they have always kept it.

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