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Understanding technical standards for strong customer authentication and open standards of communication under PSD2

Autor: Bancherul.ro
2018-04-08 12:10

PSD2 aims to make payments safer, increase consumers’ protection, foster innovation and competition while ensuring a level playing field for all actors, including new ones which were not regulated by the first version of the Payment Services Directive.

Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and secure open standards of communication (CSC) were published in the Official Journal of the European Union.

The RTS will apply in September 2019, leaving 18 months to the payment industry to get ready for this new state of play.

To help you better understand the main principles and key players of the final RTS for SCA and CSC under the revised Payment Services Directive (PSD2), European Payments Council (EPC) created an infographic that you could find here.

Source: EPC article

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