PSD2

The Payment Services Directive is an EU Directive, to regulate payment services (and providers) throughout the EU. The Directive’s purpose was to increase competition and participation in the payments industry also from non-banks, and to harmonize consumer protection and the rights and obligations for payment providers and users.

In 2015 the European Parliament adopted the Commission proposal to create safer and more innovative European payments (PSD2). The new rules aim to better protect consumers when they pay online, promote the development and use of innovative online and mobile payments, and make cross-border European payment services safer.

PSD2 was passed in 2015, and member states will have two years to incorporate the directive into their national laws and regulations.

This resources help keep readers abreast of developments with PSD2.

All Articles

PSD2 seizing the opportunity

Digital disruption has been brewing in the financial services industry for some time. Global VC & PE investments in FinTech have surged from USD 1B globally in 2009 t0 >USD 20B in 2015, creating a wealth of agile, innovative competitors across the banking value chain — particularly in personal & SME banking, where the customer experience is a key driver of differentiation.

BY Johann Bragi Fjalldal

Christopher Kong: PSD2 means opportunity

The Revised Directive on Payment Services (PSD2) has generated a great deal of news lately, as banks and payments providers in the European Union prepare (and in some cases, panic) for the 2018 compliance deadline.

BY Meghan Elison

Explaining PSD2 without TLAs is tough!

For those who experienced the roller coaster that was Europe’s implementation of the Payment Services Directive (PSD1) – here comes Payment Services Directive 2 (PSD2). And before the initiatives outlined in PSD1 have been fully dealt with.

BY Anne Boden

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