Last week’s blog focused on some of the stand-out payments events from 2018. This time, we’re future gazing and looking at some of the payment trends which we might see this year.
The implementation of PSD2
Multi-factor authentication has hit the top of the payments industry agenda over the last year thanks to PSD2 and the drive to create a common standard for online payment security. The official deadline for complying with the Regulatory Technical Standard is 14th September 2019. As a result of the implementation, traditional banks are being forced to share customers’ data and will therefore no longer be considered a one-stop-shop for managing money.Read more