The Second Payment Services Directive (PSD2) | Payments UK

What is the Second Payment Services Directive (PSD2)? The Second Payment Services Directive (PSD2) is a fundamental piece of payments related legislation in Europe, which entered into force in January 2016. PSD2 is the product of a review of the original Payment Services Directive and requires payment service providers (PSPs) to make a significant number of changes to existing operations. The Directive requires that all Member States implement these rules as national law by 13 January 2018, with the exception of certain rules around strong customer authentication and secure communication, implementation of which will run to a different timetable.

Sourced through Scoop.it from: www.paymentsuk.org.uk

Leave a Comment