What is PSD2 (Payment Services Directive 2)?

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The Payment Services Directive 2 (PSD2), officially Directive (EU) 2015/2366, is the European Union's comprehensive legal framework governing payment services, designed to increase competition, enhance consumer protection, and mandate robust security standards like Strong Customer Authentication (SCA) across the European Economic Area (EEA).

PSD2 (Payment Services Directive 2)

What is PSD2 (Payment Services Directive 2)?

How has PSD2's Strong Customer Authentication (SCA) impacted payment fraud rates in the EEA?

What is the intersection between PSD2 compliance and Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements for Payment Service Providers (PSPs)?

Why is PSD2 considered the foundational regulation for the Open Banking movement in Europe?

What are the key shortcomings of PSD2, and how is the upcoming PSD3 set to address them?

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