How PSD3 can turn security into frictionless experience for ecommerce customers

Back in June, the European Banking Authority (EBA) published its response to the European Commission’s call for advice on its review of the revised Payment Services Directive (PSD2). That review is set to lead to a re-revised payments services directive in the coming years that the industry is referring to as PSD3.
As the official mouthpiece of the European banking sector, the EBA’s report raised concerns that will most affect banks and included close to 500 recommendations for the European Commission to consider. The document also articulated some perceived shortcomings of the current directive with which the industry is grappling.