<ul><li>The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year.</li><li>The impact of PSD3 may reach the U.S. within the next year and a half, particularly in the areas of data security and data sharing.</li><li>PSD3 will require a transition period that will change the ways in which payment service providers (PSPs) handle data and protect against fraud.</li><li>FIDA (Framework for Financial Data Access) will help govern the sharing of customer level data and enable collaboration among PSPs in combating fraud.</li></ul>

PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges

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