PSD2 -- What Merchants NEED to Know
The second Payment Services Directive, or PSD2, makes a number of significant updates to the original directive adopted in 2007. This presentation looks briefly at reasons why a second directive was introduced, then includes an explanation of Account Information Service Providers, Payment Information Service Providers, and associated regulations. Highlights of the Regulatory Technical Standards, or RTS, for PSD2 are next, followed by details on Access to Account (XS2A) provisions, an overview of Strong Customer Authentication, and a breakdown of SCA exemptions. The deck concludes with other PSD2 considerations, including consumer protection, plus a timeline of key dates and next steps.