Loading...

PSD2

From September 14th this year, the Second Payment Services Directive – or PSD2 – will be implemented and it is set to change the market hugely. PSD2 is a directive created by the EU countries to regulate payment services and providers in the European Economic Area (EEA). PSD2 has already been passed into law in most EU countries, including the United Kingdom.

 

The regulation impacts every part of the industry, including improving the security of online transactions and creating more competition by making banks open up access to customer data (with the customer’s permission, of course).

 

For merchants, the most important aspect of PSD2 is that online transactions will be subject to Strong Customer Authentication requirements from 14 September 2019.

PSD2 infographic2

Latest from our blog

Check out our blog to see what were up to

Strong customer authentication: mythbuster

The EU strong customer authentication requirements have evolved over time with the publication of various drafts …

Read MoreStrong customer authentication: mythbuster

PXP Financial carries on the conversation around the clock with Zendesk

“We’re looking forward to providing our customers with a more convenient, efficient and friendly way to …

Read MorePXP Financial carries on the conversation around the clock with Zendesk

Contactless limits to increase

Various countries are increasing contactless card limits following Coronavirus outbreak