Re: Industry protests against PSD2

I think it would be fair to say that PSD2 is not going to be good for the
card networks so I'd consider any protest from them to be at least partly
motivated by self-preservation

On 6 December 2016 at 06:47, Anders Rundgren <anders.rundgren.net@gmail.com>
wrote:

> F.Y.I.
>
> I think this verifies my claim that security is the most difficult part of
> a payment system.  Not necessarily to implement, but to agree on.
>
> https://www.visaeurope.com/media/images/psd2%20position%20pa
> per%20nov%202016-73-40837.pdf
> http://prepaidforum.org/wp-content/uploads/2016/11/Cross-ind
> ustry-letter-to-Commissioner-Dombrovskis-re-EBA-strong-
> authentication-standards.pdf
>
> The EBA probably doesn't possess the needed competence and their members
> are quite divided as well.
>
> Scandinavian banks use PKI and digital signatures which effectively
> excludes third-parties from reusing the existing "wiring".  Why would they
> downgrade?
>
> "Social Payments" like Venmo and Facebook must be pretty challenging
> combining with PSD2 since they keep the authorization inside their own
> ecosystem.
>
> Anders Rundgren
> Principal, WebPKI.org
>
>
>