PSD2asetuksia

PSD2asetuksia refers to the implementation of the revised Payment Services Directive (PSD2) in the European Union. PSD2, officially known as Directive (EU) 2018/1148, aims to enhance consumer protection and promote competition in the payment services sector. The directive mandates that banks and other payment service providers offer their customers access to their payment account information and the ability to initiate payments through secure and standardized interfaces.

The key objectives of PSD2asetuksia include:

1. Improving consumer rights: PSD2 grants consumers the right to access their payment account information and to initiate payments without the need for a password or other authentication means.

2. Promoting competition: The directive encourages competition by allowing third-party providers to offer innovative payment services, such as payment initiation, account information, and wallet services.

3. Enhancing security: PSD2 introduces strong customer authentication (SCA) measures to protect consumers from fraud and unauthorized access to their payment accounts.

The implementation of PSD2asetuksia has been a gradual process, with member states having until January 13, 2022, to fully comply with the directive. During this period, banks and payment service providers have been working to update their systems and processes to meet the new requirements.

In summary, PSD2asetuksia is a significant development in the European payment services landscape, aimed at enhancing consumer protection, promoting competition, and improving security in the sector. The directive has been widely adopted across the EU, with member states working to ensure a smooth and effective implementation.