Open Banking Targets SMB Apps, Payments Data
PYMNTS
FEBRUARY 6, 2020
The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage for Open Banking in the country, which will take effect on July 1 of this year. Nacha also pointed to the challenges of manual management, misdirected payments, errors and fraud risks.
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