German payments regulator - Banks violate competition law from Anders Rundgren on 2016-07-09 (public-webpayments-ig@w3.org from July 2016)

From: Anders Rundgren <anders.rundgren.net@gmail.com>
Date: Sat, 9 Jul 2016 13:41:22 +0200
To: Web Payments IG <public-webpayments-ig@w3.org>
Message-ID: <291f3c89-24b7-9ee2-c724-a838128988ad@gmail.com>

https://www.finextra.com/newsarticle/29145/psd2-german-regulator-rules-restriction-of-e-payment-services-by-banks-violates-competition-law

The interesting thing is that both parties are right:

The described security solutions can indeed only (in a trustworthy manner...) be used by the account holding parties which of course limit third parties' abilities providing alternatives.

Is there a solution? Maybe, but it is not PSD2 since there is no entity that has been assigned developing the standards needed to enable the PSD2 dream.

Anders

Received on Saturday, 9 July 2016 11:42:03 UTC