1. How do regulatory frameworks and compliance standards, such as the Payment Card Industry Data Security Standard (PCI DSS) and the European Union’s Revised Payment Services Directive (PSD2), influence the operational protocols and technological architectures underpinning Electronic Funds Transfer (EFT) systems, ensuring adherence to stringent security and privacy requirements while fostering innovation and interoperability across diverse financial ecosystems ?  

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Regulatory frameworks and compliance standards play a crucial role in shaping the operational protocols and technological architectures of Electronic Funds Transfer EFT systems Two examples of such fr... View the full answer