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Banks will soon have to comply with the Revised Payment Service Directive, commonly called "PSD2." The directive will introduce massive changes to the payments industry and radically alter the user experience for customers of European banks by allowing third party payment service providers (TPP) to access their account information to provide various innovative financial services. But to mitigate risk, banks and TPPs must address the core regulatory technical requirements outlined by PSD2.
Banks will soon have to comply with the Revised Payment Service Directive, commonly called "PSD2." The directive will introduce massive changes to the payments industry and radically alter the user experience for customers of European banks by allowing third party payment service providers (TPP) to access their account information to provide various innovative financial services. But to mitigate risk, banks and TPPs must address the core regulatory technical requirements outlined by PSD2.
