Who is responsible for what in PSD2? Different parties have different responsibilities throughout the PSD2 regulation process, which either dictate how a transaction is treated, or have a direct impact on authorisation rates. Our Authentication Engine covers all bases - no matter what the path....
At INNOPAY, we see some parallels with what happened when new data sharing laws were introduced in the financial sector (PSD2). What we noticed then was that our most successful clients focused not so much on merely complying with the new regulations, but rather on the opportunities. In...
If you operate in the European Economic Area (EEA), the revised Payment Services Directive is a regulatory requirement that includes Strong Customer Authentication and is intended to increase protection against fraud for online purchases. Ahead, learn ho
Are you ready for PSD2 SCA? PSD2 is the second European Payment Services Directive. It could revolutionize the payments industry, affecting everything from the way we pay online, to the information we see when making a payment. Under thePSD2 Strong Customer Authentication(SCA) requirements, cer...
Specifically, PSD2 is, for the first time, allowing bank customers to make use of third-party providers to manage their finances and assist with financial services. Under this regulation, payment service providers like banks are not only required to provide API access to third-party companies, ...
PSD2 (Payment Services Directive) PSD2 is a European regulation for electronic payment services. It seeks to make payments more secure in Europe, boost innovation and help banking services adapt to new technologies. General PSP (Payment Service Provider) Offers retailers online services for accepting...
Another new entity enabled by PSD2 and open banking is the account information service provider, which is focused on the vast potential of transaction data to provide real insights about customers. This offers an opportunity for a deeper level of customer engagement, delivering a different experience...
While this regulation is specific to the EU, any organization conducting cross-border business within the region must also consider the impact and requirements of the legal standard. Currently, the third iteration of PSD2 (to be called PSD3) is in development. This updated version of the regu...
OFROffice of Financial Regulation(various locations) OFROffice of Financial Research(US Department of the Treasury) OFROpen File Report(various organizations) OFROrganic Free Range(poultry and eggs) OFROberfranken(German) OFROperation First Response(Virginia) ...
This service reliably authenticates the merchant as well, so you can make online purchases with peace of mind. Secure, 2-factor authentication is introduced due to the Payment Services Directive 2 (PSD2), which is an EU wide regulation on secure remote payments. ...