Payment Authentication issues facing EU Banks

There's a new EU directive called PSD2 requiring banks to "open up" accounts to third-party access.
This requires new levels of authentication.

Not everybody see this as realistic or useful.  Here is VISA's public protest against PSD2 authentication requirements:

https://www.visaeurope.com/media/images/psd2%20position%20paper%20nov%202016-73-40837.pdf

"You will no longer be able to make...
- one-click online checkouts even at stores you shop at all the time
- fast, automatic payments where your card is already securely stored"

Anders

Received on Friday, 2 December 2016 10:59:19 UTC