Open Payments Ecosystem - request for information

Hello All:
(Note cross posting to Gray Taylor.)

Gray Taylor (Director of Conexxus, whom many of you know) sent me a query about OPE (Open Payments Echosystem).  The project is funded as part of the Horizon 2020 programme of the European Union.

The article title is "Why the Payments Ecosystem is Due for a Shake-Up." [1]  According to the article, the actual work is sponsored by Ixaris with key contributions from Visa Europe, IDT Finance, Startupbootcamp, Locke Lord, and the University of Malta.

Quoting from the article:
"The marketplace enables developers to create and publish payments applications using pre-existing financial components, and allows service providers to plug in a range of financial services, such as car authorization, Swift and Automated Clearing House or ACH transfer, to support them."

The article further links this work to PSD2.

Do any of you have additional information on why we should pay closer attention to these developments, or any rationale to the contrary?

Best regards,
David

[1] Apologies, but all I have are snippets, and I have not been able to find a link to this specific article.

Received on Monday, 6 June 2016 15:57:09 UTC