Jun 18, 2022
In ASK US ANYTHING
Its acronym refers to payment service providers, payment service providers in english. The main objective of the regulation is to create a single b2c email list market in the european union , to guarantee online payments in a more agile and, above all, secure way. It is based, above all, on the concept of open banking , through which banks will be obliged to allow third parties to access users' bank accounts and make purchases for them (as long as these companies have their consent). It will b2c email list be possible to manage finances and make payments online without the need for an intermediary to do so. In other words, the user himself will have the possibility of making a payment directly from his checking account. What does the psd2 regulation provide? Above all, this new regulation advocates user security , forcing banks to create b2c email list security controls to know, at all times, who, when and how the user's payment data is accessed, who, in advance, must authorize each company before making a purchase. Another of the fundamental pillars of the psd regulations is the liberalization of information . From now on, banks will not be the only ones with access to information about users, but the b2c email list companies authorized by them will also be in b2c email list of this data, which will be likely to be used to offer personalized products adapted to each taste and need. . This is precisely one of the biggest unknowns regarding the new regulations, since many users are suspicious of the use that companies make of their personal data for commercial purposes . We will have to wait to see how the b2c email list central bank and, in our case, the bank of spain manages guarantees in terms of security and user protection. Another of the objectives of the psd2 regulation is to create a legal framework so that fintech companies can prosper, promoting new business models, through more efficient management of smes by creating an application that b2c email list companies to manage all their payments from one place. Fast and easy. Cti before the new psd2 regulations at cti we have more than 60 years of experience in the banking sector , now adapted to fintech and new business technologies. We have a great team of professionals specialized in business management of payments and data management.