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