thanks to new rules that will it make it cheaper, easier and safer to make electronic payments. The revised Payment Services Directive (PSD2, Directive 2015/2366/EU), applicable as of 13 January 2018, aims to modernise Europe's payment services to the benefit of both consumers...
Payment Services Directive (PSD2) regulations were introduced to stimulate growth and competitiveness in the EU financial sector by simplifying the sharing of the infrastructure and customer data between incumbent banks and other players, including new financial institutions and fintech startups. Alas, ...
In 2015 the EU adopted a new directive on payment services (PSD 2) to improve the existing rules and take new digital payment services into account. The directive became applicable in January 2018. It includes provisions to make it easier and safer to use internet payment services; better ...
The revised Payment Services Directive 2 – or PSD2 for short – is a European directive aimed at levelling the playing field for payment providers, banks, building societies and financial institutions. Following on from the original Payments Services Directive, PSD2 acts as a catalyst for introduc...
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A new EU law will soon change how Payment Service Providers authenticate customers making payments online. The EU revised Payment Services Directive (PSD2) imposes strict verification requirements via a process called "Strong Customer Authentication"
03 Feb 2017 PSD2 Directive PSD stands for Payment Services Directive established by the European Union back in 2007 in order to regulate and control online payment providers within EU... Read More 18 Oct 2016 Merchant account discount rate definition A lot of people who are just entering th...
All change? The impact of the revised Payment Services Directive on platforms Access to data (Article 9) OIS providers must include a description in their terms and conditions of the access of their business users to personal and/or other data generated by business users and/or consumers through...
It’s official! PSD2 has now been published in the OJ. 24/12/2015Blog The revised Payment Services Directive (EU 2015/2366) has now been formally adopted and published in the Official Journal on 23 December 2015. It’s finalised text is available here. Key dates for your compliance calend...
With the introduction of Strong Customer Authentication (SCA) as part of the EU revised Payments Services Directive (PSD2), we believe it will reduce the risk of credit cards being stolen in the future. With Strong Customer Authentication, the financial and banking industry have enabled individuals...