PSD2: How the Final RTS Requirements Will Impact You - Update

On November 27, 2017, the European Commission published its final Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC) under PSD2. With the release of the final PSD2 RTS requirements, banks of all sizes can now take action to develop a compliance strategy and implement effective security solutions for electronic remote payment transactions. The Revised Payment Services Directive, known as PSD2, harmonizes security requirements for… Read more


How Will the Final PSD2 RTS Requirements Impact You?

On November 27, 2017, the European Commission published its final Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC) under PSD2. With the release of the final PSD2 RTS requirements, banks of all sizes can now take action to develop a compliance strategy and implement effective security solutions for electronic remote payment transactions. The Revised Payment Services Directive, known as PSD2, harmonizes security requirements… Read more


What does the new Directive on Payment Services (PSD2) Mean for PSPs?

On October 8th, the European Parliament adopted the revised Directive on Payment Services, also known as PSD2. This new directive, which is the long awaited successor of the first Payment Services Directive from 2007, aims to harmonize the European retail payments market, which is very much fragmented along national borders, and foster the adoption of innovative, easy-to-use and secure payment schemes. PSD2 is the latest development in a series of… Read more


Security of Internet payments – National authorities enforcing EBA Guidelines

Last Thursday, on 21 May 2015, the European Banking Authority (EBA) published the compliance notifications from the various European national authorities regarding the enforcement of the EBA Guidelines for the Security of Internet Payments. I already discussed the Guidelines in an earlier blogpost. This blogpost provides an update in light of the publication of the compliance notifications by the EBA. Background On December 19, 2014, the European Banking Authority (EBA)… Read more