Difference between revisions of "PSD2"
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==Full Title or Meme== | ==Full Title or Meme== | ||
| − | + | An attempt by the EU to open competition among banks by loosening standards and altering the risk model. | |
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==Context== | ==Context== | ||
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==Problems== | ==Problems== | ||
| + | Most of the problems from the user perspective are described in the UK [[Open Banking]] page on this wiki. | ||
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==Solutions== | ==Solutions== | ||
| + | Don't enable PSD2 on any of your banks, you are much better protected by giving the merchant your credit card number. | ||
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==References== | ==References== | ||
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| + | [[Category:Glossary]] | ||
Latest revision as of 18:49, 12 December 2018
Full Title or Meme
An attempt by the EU to open competition among banks by loosening standards and altering the risk model.
Context
On 2015-10-08 the European Parliament voted to pass the Payment Services Directive 2 (PSD2). A simple description of the program from the Starling Bank[1] gives a good non-technical description.
Problems
Most of the problems from the user perspective are described in the UK Open Banking page on this wiki.
Solutions
Don't enable PSD2 on any of your banks, you are much better protected by giving the merchant your credit card number.
References
- ↑ Anne Boden, Explaining PSD2 without TLAs is tough! (2018-01-12) Starling Bank https://www.starlingbank.com/blog/explaining-psd2-without-tlas-tough/
