Irish ecommerce chief welcomes grace period to avoid PSD2 'chaos'

The chairman of Ireland’s ecommerce alliance has welcomed the news that a grace period will apply to the EU’s PSD2 directive in order to allow Irish businesses to get up to code, saying the alternative would be “absolute chaos”.

The European directive, known as PSD2, will go live on Sept 14, with bodies such as the Banking and Payments Federation Ireland (BPFI) running awareness campaigns calling on Irish consumers to be aware of what’s coming and to prepare accordingly.