PSD2: Europe Rebuffs Rumours Of ‘Spare Wheel’ Rejection

European officials have denied rumours that a decision has already been made to abandon the “spare wheel” account access plan, part of security rules accompanying the second Payment Services Directive (PSD2).

PaymentsCompliance had recently heard from separate industry sources, in both London and Brussels, that the European Commission had finalised its position on how third party providers will be able to access account data under the directive.

But according to EU officials yesterday “no such decision has been taken by the commission”.

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