Industry associations representing banks and third-party providers (TPPs) across the EU have reached an agreement over account access designed to minimise customer detriment once new rules take effect in September.
Three banking industry groups and two bodies representing third-party providers issued a joint statement on Friday laying out high-level cooperation on account access by TPPs, as well as communicating the impact of regulatory changes to merchants and lobbying national authorities.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.