Open Banking and New Payment Interactions PSD2 Will Make Possible Between Consumers and Merchants

Payment innovation
Payment Services Directive
Ralf Ohlhausen -- PPRO; Stuart Rowe -- NortonLifeLock Inc.
Oct 06, 2020
Open banking involves granting access and control of consumer banking and financial accounts through third-party application programming interfaces, or APIs. In this presentation, PPRO and NortonLifeLock explain what this important provision of the Payment Services Directive, PSD2, is as well as anticipated advantages and challenges of both PSD2 and the Strong Customer Authentication mandate. The deck closes with thoughts on potential services of the future open banking -- and later, open data -- may bring to fruition.

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