New European opening banking regulation, Payment Services Directive (PSD2) is set to tear up the banking industry rulebook and recreate it again.
Launch of Second Payment Services Directive is due in less than six months, and might mean big changes to how companies use your data.
Nearly nine in ten consumers have no idea how PSD2 may benefit them in the future, according to research from Intelligent Environments.
With less than 6 months to go until the introduction of PSD2, the clear majority of consumers (89 per cent) are unaware of how this change will affect them.
Consumers need reassuring over data security fears concerning PSD2 – but are starting to look forward to reaping the benefits of the new directive, set to come into effect from 2018
Most consumers unaware or concerned about PSD2
New research from Intelligent Environments has revealed that the clear majority of consumers (89 per cent) are unaware of how PSD2 will affect them.
Intelligent Environments and Equiniti Pancredit were joint winners of the Best Use of Technology Award
Figures out today from two different sources indicate that mobile banking transactions will more than double by 2022.
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