An initiative called Access to Accounts (XS2A) that will bring Account Information and Payment Initiation services under regulation and allow non-banks to offer payment services. This might lead to more accessible services, faster payments and lower costs. PSD2 will also improve security and reduce fraud by introducing Strong Consumer Authentication (SCA) for electronic payments. The deadline for compliance to PSD2 is scheduled for the end of 2020 or in 2021 depending on the country.