The first Payments Services Directive (PSD I) was adopted in 2007 and implemented in November 2009 in Luxembourg. Its revision (PSD II) was launched in July 2013 by the European Commission and after adoption was enforced on 13 January 2018.

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Mar 1, 2019 Senior Manager (left) & Patrice Fritsch, Principal, Associate Partner EY Luxembourg. Europe's second payment services directive (PSD2) is 

EY 2018 Regulatory agenda updates The revised Directive on Payment Services has been adopted by the European Parliament in October 2015 and by the European Council of Ministers in November 2015. The PSD2 aims at enhancing consumer protection, promoting innovation and improving the security of payment services within the EU. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 23 May 2019 - Paperjam - PSD2: Disrupting payments. 23 May 2019 - Paperjam - PSD2: Disrupting payments Skip to the content. EY EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK 2020-06-19 The Revised Payment Services Directive (more commonly known as PSD2) comes into effect across Europe on 13 January 2018.

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2018-01-24 2021-03-31 PSD2 allows banks to: securely share customer account and payment data; with customer consent; with regulated third parties; through APIs. As we can see, the PSD2 directive makes it possible to aggregate data from different bank accounts. When talking about such aggregation, we have to mention Account Information Service Providers (AISP). Both the GDPR and PSD2 are built on the general principle that personal data are owned by the individual, who should be able to decide how their data will be processed and used and who they will be shared with. However, when we look at specific implementation, we are confronted with considerable challenges concerning the harmonisation of the requirements of the two directives and actual practice.

REVISOR.

under PSD2 Background The Revised Payment Services Directive (more commonly known as PSD2) comes into effect Ernst & Young, Harcourt Centre, Harcourt Street, Dublin 2, Ireland. Information in this publication is intended to provide only a general outline of the subjects covered.

— 1 ex. S p r i n g f i e l d M u s e u ra o f. N a t ii r a 1 9, uth.

Psd2 ey

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

APIs and Data Portability. Users have the right to transfer  24 lug 2019 Filippo Mastropietro. Partner responsabile per l'Italia dell'Area Strategy, Customer & Digital Advisory di EY. Ha oltre 18 anni di esperienza nel  23 Dec 2015 PSD2 Directive with proposed changes from 2020-0268-COD How banks can balance GDPR and PSD2, EY, 13 February 2019. Preparing  28 mai 2019 Lancé bien après les programmes de ses concurrents, platform58, l'incubateur fintech et assurtech de la Banque Postale, accompagne déjà  by Patricia Jackson1, Strategic Adviser EY; Council Member, SUERF; The Revised Payments Services Directive (PSD2) requires banks to enable customers  27 déc.

PSD2 will allow new payments actors to enter the market and extend the scope of services, thus increasing competition, with the aim of making payments more efficient, swift and secure for consumers. PSD2 and GDPR – Harmony or Dissonance? In the first half of 2018, two significant regulations will come into force, the new Directive on payment services in the internal market (“PSD2”) and the General Data Protection Regulation (“GDPR”). Chapter 2 – Open banking and PSD2 07 Chapter 3 – Consumers – ready for change 13 Chapter 4 – How will the retail banking market evolve?
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In the first half of 2018, two significant regulations will come into force, the new Directive on payment services in the internal market (“PSD2”) and the General Data Protection Regulation (“GDPR”).

The Revised Payment Services Directive (PSD2, Directive (EU) 2015/2366, which replaced the Payment Services Directive (PSD), Directive 2007/64/EC) is an EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA).
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EU:s nya dataskyddsregelverk GDPR som Vi ser att PSD2 kommer IFRS 16 har antagits av IASB och godkändes av EU-kommissionen 

2018-03-16 (4) The review of the Union legal framework on payment services and, in particular, the analysis of the impact of Directive 2007/64/EC and the consultation on the Commission Green Paper of 11 January 2012, entitled, ‘Towards an integrated European market for card, internet and mobile payments’, have shown that developments have given rise to significant challenges from a regulatory The payment industry has undergone profound changes in its technological and service offering since 2018. Banks offering online access to their client’s payment accounts were obliged to open the access to their infrastructure to third party payment providers (TPP) or providers in the process of obtaining such authorization on 14 March 2019. Learn more about industry developments in payments, PSD2 and Open Banking in these insightful interviews with EYs leading payments advisors - Hamish Thomas, 2018-06-08 Betaltjänstlagen PSD2 Om betaltjänstlagen .


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While PSD2 is a European initiative, it provides an example for other markets such as China and the United States that are taking gradual steps toward open banking. As part of a continuing series on global trends toward open banking , this article reports on banks’ progress toward PSD2 compliance and their preparation to compete for new retail and corporate business opportunities.

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