The Implications of EU’s Revolutionary PSD2: A Game-Changer for Banks and Online Businesses – CryptoCoinsNews

PSD2 is due for implementation across all EU Member States (including, despite Brexit, the UK) on 13 January 2018. PSD2 will replace the existing European Directive on Payment Services (2007/64/EC). One of the most significant changes under the new regime requires Member States to ensure that payment service providers (“PSPs”) and payment institutions (“PIs”) have access to credit institutions’ (i.e. banks) payment accounts services (“PAS”) on an “objective, non-discriminatory and proportionate basis”.

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