"It is an advance for the user to be able to use the payment method according to their needs."

The transposition of PSD2, the second European directive on payment services, in force since 2015, goes a step further as of September with the double verification of users and the promotion of open banking, which will force banks and payment institutions to grant third parties access to their customers' accounts. Luis Miguel Viñuela, managing director of Diners Club Spain, analyzes the consequences of this regulation.