A surprise statement from the Polish regulator has left banks and payment firms facing difficult decisions around whether or not to provide a “fallback” interface for third-party account access.
Under regulatory technical standards that take effect across the EU on September 14, banks must provide the means for authorised third-party providers (TPPs) to gain access to customers’ accounts. The standards are the final part of the revised Payment Services Directive (PSD2).
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial