PSD2 – a directive that will change banking in Europe
This seems backwards and terrible.<p>Every other nation in the world allows direct person-to-person transfer between any bank. You put in your friend's name, BSB and account number into your phone in Australia and the next day they have money. In Germany, you have additional 1-time use TAN numbers.<p>Only in the US must we use PayPal, Facebook or paper checks.  In fact, paper checks are the only way to send money fee-free between banks. You can of course just display a check on a screen and have the other person take a photo of it with their phone, but that's still pretty ass backwards.<p>Banking should allow direct transfer at the state level, without third parties or fees.