PSD2

WHAT IS THE PSD2 DIRECTIVE?
PSD2 is the second directive on European payment services and was adopted in 2015.   It came into force in January 2018 but the European Banking Authority...
Fri, 10 Dec, 2021 at 11:01 AM
WHAT ARE THE OBJECTIVES OF THE PSD2 DIRECTIVE?
To increase competition in the electronic payments market.   To improve security and strengthen fraud protection for internet banking.   To regulate ...
Fri, 10 Dec, 2021 at 11:02 AM
HOW DOES THE REGULATION AFFECT THE FINANCIAL SECTOR?
Financial institutions are affected by open banking. Thus, entities are obliged to give access to their clients' accounts to third party companies. The ...
Fri, 10 Dec, 2021 at 11:00 AM
HOW DOES THIS REGULATION AFFECT THE END USER?
Until now, when paying for an online purchase, merchants had to contact a series of intermediaries who, in turn, connected to the company responsible for th...
Fri, 10 Dec, 2021 at 10:57 AM