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The purpose of PSD2 is enabling third parties creating new Financial Services through open APIs to customers’ bank accounts. Such systems already exist but currently rely of questionable methods typically requiring consumers giving their login credentials to third parties, which in turn through “screen-scraping”, effectively impersonate their clients to their on-line banks. One of the objectives with PSD2 is [...]

The post What is the purpose of PSD2 for payments? appeared first on Payments Cards & Mobile.

The banking industry is changing. We’re now in an age where banks are competing on customer experience – and when it comes to making that experience better, using data to create connected customer journeys equals power. That’s because data can give banks visibility and control over the whole customer journey, rather than just the transaction [...]

The post The digital trend that’s shaping modern banking – and how to deal with it appeared first on Payments Cards & Mobile.

Change in payments is in overdrive, and will only get faster. Traditional payments players are being squeezed from all sides – so what is driving the future of payments. This... more

The post Driving the Future of Payments – 10 Mega Trends appeared first on Payments Cards & Mobile.

Change in payments is in overdrive, and will only get faster. Traditional payments players are being squeezed from all sides – so what is driving the future of payments. This point of view explores ten trends that Accenture believes will drive the future of payments. It includes consumer views based on the results of Accenture’s [...]

The post Driving the Future of Payments – 10 Mega Trends appeared first on Payments Cards & Mobile.

2018 is set to be a pivotal year for the financial services industry with both the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) due to... more

The post PSD2: Are you ready for the digital payments revolution? appeared first on Payments Cards & Mobile.