PSD2 in 90 seconds Friday 13th April

PSD2 in 90 seconds Friday 13th April

Welcome to our regular roundup of the best news and opinion on PSD2.

7 things corporates need to know about PSD2 and open banking – SEPA for corporates

Seven key points indicating how PSD2 and Open Banking will affect corporates – including the impact of PISPs, AISPs, and the changes to Shared Payment Charges.

What does the future hold for payments in a post-PSD2 world – Silicon Republic

PSD2 has not triggered an overnight transformation, but banking and payments will change significantly in the next five years with fully digital channels becoming a reality for many service providers during this time.

Silicon Republic provide a roundup of key predictions for the changes that the legislation will bring for existing institutions, new entrants, consumers and more.

PSD2 open banking: The ticking timebomb for financial institutions - Payment Cards and Mobile

All financial institutions offering transactional accounts have a deadline for making APIs available to Third Party Providers – September 14th, 2019, with testing to commence by March 14th.

Latecomers could face regulatory fines – but there is still uncertainty over who foots the bill when things go wrong with API-based transactions. Proposed solutions however currently rest in voluntary codes which may not be adhered to by all parties.

Prepare for 2019’s PSD2 compliance dates with help from an expert technology team – complete the form below to discuss with us how we can help.

 

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