ACT NOW if you use accounting software with direct bank feeds.
Sage is just one of the popular software providers which has put out a notification that new legislation comes into effect on 14 March.
It changes the way that banks connect with accounting software, to make it more secure, accurate and easier to set up.
Changes to Direct Bank Feeds
The new legislation is known as Open Banking, or PSD2. If you already have an Open Banking connection (or don’t use it at all) then you don’t need to so anything.
If you need any help with this update, please get in touch with us at Jones Harris for a no-obligation chat.
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