The revised EU’s Payment Services Directive (PSD2) and EU’s General Data Protection Regulation (GDPR) will both come in force in 2018. Seemingly unconnected, these two regulatory initiatives share a common goal– putting customers in control of their own personal data and keeping that personal data safe.

PSD2  is an update to the original Payment Service Directive, which was adopted in 2007.  The original Directive was implemented to make cross-border payments as easy, efficient and secure as national payments in the EU Member States.  The major changes of PSD2 are:
Continue Reading Compliance to PSD2 and GDPR – A New Challenge