PSD2 RTS On Authentication And Communication | The Devil Is In The (Lack Of) Details – Finance and Banking – UK

PSD2 RTS On Authentication And Communication | The Devil Is In The (Lack Of) Details – Finance and Banking – UK

Following the entry into force of the revised Payment Systems Directive (PSD2) on 12 January 2016, in August the European Banking Authority (EBA) published the draft regulatory technical standard (RTS) to define how, in practice, Access to Accounts for Third Party Providers (TPPs)1 and enhanced security and authentication requirements, two key pillars of the directive, will be implemented.

In this article, we explore some of the major implications for the payment industry, and banks in particular.

Sourced through Scoop.it from: www.mondaq.com

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