Revised Payment Services Directive 2 (PSD2)
A European Union regulation aimed at enhancing payment security, promoting innovation, and increasing competition in financial services. PSD2 mandates Strong Customer Authentication (SCA) for secure online payments and requires banks to provide secure access to account data for third-party providers via Open Banking. It improves consumer protection and streamlines payment processes across the EU.
A European Union regulation aimed at enhancing payment security, promoting innovation, and increasing competition in financial services. PSD2 mandates Strong Customer Authentication (SCA) for secure online payments and requires banks to provide secure access to account data for third-party providers via Open Banking. It improves consumer protection and streamlines payment processes across the EU.
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