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SIDN Fund supports PSD2-me-not register from Privacy First

Is innovation with payment data possible while maintaining privacy? PSD2 is the new European banking law that allows payment data to be shared with non-banking parties. However, the legislator has failed to ''privacy by design' through.

PSD2-me-not register

Privacy First Foundation therefore takes the initiative For a PSD2-me-not register. This is an opt-out register that allows account numbers to be filtered. The use cases are account numbers of "special personal data" such as a payment to a trade union, healthcare provider, political party or organisation that discloses sexual preferences. And consumers who want their current account numbers filtered. The PSD2-me-not register could become directional at the European level.

Source: https://www.sidnfonds.nl/nieuws/de-eerste-pioniers-van-2019, 22 May 2019.

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