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EU banks must offer online-payment access as overhaul takes effect tomorrow

( January 12, 2018, 11:32 GMT | Official Statement) -- MLex Summary: European banks, starting tomorrow, must grant access to online-payment competitors such as Sofort and Trustly Group, as the EU’s revised Payment Services Directive is due to take effect. PSD2 also sets stricter security requirement for payments, and bars retailers from surcharging on cards that are subject to a separate law on interchange fees.The following is the text of the statement plus a memorandum of frequently asked questions. Click the attachment at bottom for the memo in original formal....

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