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Security in PSD2 is a central point. Strong customer authentication is expected for every single payment transaction. The account owner should give consent to a third-party provider to initiate payment from their account. Every time a transaction is initiated, the account holder should prove his …

[Read more...] about The competitive edge of the payment cards

'New rules should be established to close the regulatory gaps while at the same time providing more legal clarity and ensuring consistent application of the legislative framework across the Union. Equivalent operating conditions should be guaranteed, to existing and new players on the market, …

[Read more...] about New means of payment on the horizon

Those working for compliance of a bank with PSD2 in the EU are searching for the specifications, recommendations, or at least examples for their implementations. Some institutions have published such specifications, all providing different approaches. We can follow any of them, or, based on their …

[Read more...] about Who is compliant anyway?

In the brave new world in European Union, third-party providers will have the chance to get access to data on bank accounts and initiate transactions on those accounts if the account holder gives them consent to do so. The directive which specifies the rules of this brave new world is called PSD2, …

[Read more...] about Who’s who in PSD2?