Overview
New rules for the European Union create open account access for bank and payment innovators.
As the E.U. became established, European Parliament
recognized that a single framework for payments was needed to simplify commerce
throughout the member states and “harmonize” payments across borders. Now,
nearly a decade after the first Payment Services Directive was announced, a
radical update has been issued. More than a list of new rules, Payment Services
Directive 2 (PSD2), looks to force financial innovation throughout Europe.
Learn More About This Report & Javelin
Related content
Cultivating Financial Savvy and Customer Loyalty: Debit Products for Kids and Teens
Debit products aimed at kids and teenagers are highly useful financial services: They allow parents to help their kids build strong financial habits and offer a pathway to deeper r...
Instant Card-Based Payments: Meeting Customer Needs Immediately and Everywhere
Consumers and businesses increasingly expect faster and real-time payment options. They prefer to use convenient, flexible, dependable, and secure payment methods that are availabl...
Eco-Focused Payment Cards: It Pays to Be Green
As financial institutions and card issuers increasingly embrace sustainable practices with their card programs, they’re also finding a way to engage their customers with innovative...
Make informed decisions in a digital financial world