European Commission Settles PSD2 Technical Standards

The European Commission has finalised revisions to regulatory technical standards on strong authentication and third-party account access, PaymentsCompliance can reveal.

The standards will eventually accompany the revised Payment Services Directive (PSD2) across the EU, and are now unlikely to take effect before August 2019.

After a row between banks and third-party providers over whether some form of screen scraping should still be allowed under PSD2, the commission has proposed a compromise.

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