The benefit to merchants of account-to-account (A2A) payments as an alternative to accepting debit cards is largely due to lower cost. A consumer protection regulation that covers most countries in Europe requires banks to provide access to bank account information for free. Additional A2A cost savings versus card payments accrue from the elimination of chargebacks and PCI DSS compliance. These facts present a challenge to providers of card acceptance services to merchants. Token.io is building a business case for payment service providers (PSPs), gateways and merchant acquirers to offer...