Fintech startups and banks face off on new rules over European payments and data access
The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=gA huge group of over 70 European fintech companies is sending caution that new EU rules on payments processing could unfairly pit them against large banks and ruin the industry if they are passed into law. The rules that are a part of the European Union’s Payment Services Directive (PSD) would prohibit the practice of “screen scraping,” a…
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