TITLE III: TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES

PSD2 sets a framework for redefining the European payments ecosystem. The directive aims to: Encourage innovation and competition by facilitating new market entrants (e.g., third party providers of account information and payment initiation services). Enhance the transparency and security of payment services.

2022年3月25日 · 3-Domain Secure Protocol v2 (3DS2) is the widely used method to meet the SCA requirements. Unlike the traditional v1 protocol, 3DS2 introduces the concept of frictionless flow. From the...

2023年12月2日 · In our guide, we’ll take a closer look at PSD2 and the new requirements called Strong Customer Authentication (SCA), including 3DS. We’ll also explore the matter from the merchant’s point of view, including the consequences of non-compliance, fraud rates and we’ll check the status of PSD2 implementation on the market in 2021.

What is the Payment Service Directive #2 (PSD2)? The objectives of PSD2 are to make payments safer, increase the consumers’ protection, foster innovation and competition while ensuring a level playing field for all players, including new ones. Main changes brought by PSD2?

PSD2 aims to better align payment regulation with the current state of the market and technology, and introduces strict security requirements for the initiation and processing of electronic …

PSD2 is the principal European regulation for electronic payment services. It is the second iteration of the Payment Service Providers Directive created in 2007, and the main differences from the first one are: These two changes immediately impacted customer authentication processes and third-party access to consumer accounts.

What is PSD2? At its core, PSD2 has provided a regulated way for consumers to give service providers of their choice safe, secure access to their accounts. This can enable these third parties to either initiate payments on the customer’s behalf or …

In this guide, we’re taking you through the main changes PSD2 will bring for your business, along with an expert view from Charles Damen, senior vice president of payment strategy at Worldpay.

To find out about the rules relating to PSD2 SCA, see PSD2 Strong Customer Authentication. To understand the end-to-end transaction flow and Thredd checks related to PSD2, see PSD2 Transaction Checks.