EU Authorities Wary Over Third Parties’ Business Models

EU authorities are examining whether newly regulated third-party providers may already be developing business models that stray beyond the boundaries of the revised Payment Services Directive (PSD2).

The directive only took effect in mid-January this year, but several payment initiation and account information services have already been granted approval by their respective national regulators.

However, according to a senior European Commission official, some of those account information service providers could be offering services not envisaged by the PSD2 text.

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