In this issue of the PaymentEye, market participants highlight concerns that regulators and banks must move beyond the narrow focus of Europe’s second payment services directive (PSD2).
“PSD2 has a very narrow focus, especially when you compare it with the US. What the US has is all of your accounts in play. Your current accounts, credit, pension, loans, investment accounts and everything in between. That makes an interesting proposition for full play Open Banking,” says Nick Caley, vice president of financial services and regulatory at identity and access management firm ForgeRock.
Elsewhere, Payvision’s Snoek explains the growth of Apple Pay in the Netherlands.
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