— Gavin Littlejohn , Chairman , FDATA

a lot of innovation and competition coming in .” In particular , PSD2 will also allow for third-party initiation of bank-to-bank transfer . “ The alternative is peeling a card out of your wallet and making a payment that way , so there ’ s different pathways ,” says Littlejohn , adding : “ The payment capability , I would presume , will eventually be cheaper than paying via the card system . Then , one would also presume , eventually the actual user experience will encourage consumers to buy things .”

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