Daily News, E-Money, Identity, Instant Payments, Issuing & Acquiring, Mobile Remittance, Open Banking, PISP, PISP's, PSD2, PSD2 for payments, Saturn -

What is the purpose of PSD2 for payments?

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.