PSD2: How will it Affect Banks and Credit Unions in EU?

What is Payment Services Directive (PSD)?

Payment Services Directive (PSD) is an European Union Directive, which provides a framework withinwhich all the payment service providers must operate. PSD went into force in December 2007 and was completely adopted by EU in 2009. The underlying purpose of PSD was to foster pan-European competition from non-banking financial institut ...

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