When paying with a bank card at a terminal, the terminal must know how the cardholder should be verified. The verification method could vary card by card, terminal by terminal, depending on what kind of means the payment card and the terminal support. Cardholder Verification Method CVM …
The competitive edge of the payment cards
Security in PSD2 is a central point. Strong customer authentication is expected for every single payment transaction. The account owner should give consent to a third-party provider to initiate payment from their account. Every time a transaction is initiated, the account holder should prove his …
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New means of payment on the horizon
'New rules should be established to close the regulatory gaps while at the same time providing more legal clarity and ensuring consistent application of the legislative framework across the Union. Equivalent operating conditions should be guaranteed, to existing and new players on the market, …
Who is compliant anyway?
Those working for compliance of a bank with PSD2 in the EU are searching for the specifications, recommendations, or at least examples for their implementations. Some institutions have published such specifications, all providing different approaches. We can follow any of them, or, based on their …
Who’s who in PSD2?
In the brave new world in European Union, third-party providers will have the chance to get access to data on bank accounts and initiate transactions on those accounts if the account holder gives them consent to do so. The directive which specifies the rules of this brave new world is called PSD2, …