Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (Text with …

PSD2 is a legislation that aims to increase competition, innovation and transparency across the European payments market and to increase the security of digital payments and transactions. The connection between PSD2 and PSPs lies in data-sharing - under PSD2, third parties will be able to initiate online payments directly from the payer’s ...

Payment Services Directive 2 (PSD2): DIRECTIVE 2015/2366/EU (PSD2) Recital: Recital. Title I: SUBJECT MATTER, SCOPE AND DEFINITIONS Article 1: Subject matter. Article 2: Scope. Article 3: Exclusions. Article 4: Definitions. TITLE II: PAYMENT SERVICE PROVIDERS

The PSD2 opens up the EU payments market to third-party payment service providers offering services based on access to information from the payment account. In particular, the PSD2 covers the following three types of services:

PSD2 widens the scope of the PSD by covering new services and players by extending the scope of existing services (payment instruments issued by payment service providers that do not manage the account of the payment service user), enabling third parties to be able to initiate payments and access payment account data based on explicit customer c...

2018年1月24日 · The second Payment Services Directive (PSD2) is part of a global trend in bank regulation emphasizing security, innovation, and market competition. By requiring banks to provide other qualified payment-service providers (PSPs) connectivity to access customer account data and to initiate payments, PSD2 represents a significant step toward ...

PSD2. The Second Payment Services Directive (“PSD2”) widened the scope of PSD1. The European Commission felt that PSD1 needed modernising to take into account the new types of payment services that were coming onto the market and as such introduced PSD2, which has now been operational in the UK and the European Union (“EU”) since 13 ...

PSD2 empowers the European Banking Authority (EBA) to draft regulatory technical standards (RTS) and guidelines, including RTS on strong customer authentication (SCA) and secure communication (CSC), guidelines on authorisation and registration under PSD2, guidelines on security measures for operational and security risks, guidelines on major inc...

Step 5: Now, whenever a customer wants to view his data, the data is securely transferred from the financial institution to the end customer via the PSP. 4. Ban on surcharges . Under PSD2, companies such as airlines and event organizers are forbidden from charging additional fees added to the transaction, also known as a surcharge.

One of the requirements within PSD2 is SCA — to ensure that fraud is reduced and merchants and issuers in the European Economic Area (EEA) are validating the consumer for all electronic payments. The purpose of this paper is to outline the issues and requirements for merchants — and the PSPs who serve and support them. What Is SCA?