maksupalveludirektiiviä

The Maksupalveludirektiivi, also known as the Payment Services Directive (PSD), is a European Union directive that aims to harmonize payment services across the EU and the European Economic Area (EEA). Its primary goals are to create a more integrated and competitive single market for payment services, enhance consumer protection, and promote innovation in the payments sector.

The directive establishes a comprehensive regulatory framework for payment service providers (PSPs). It defines various payment services and sets out requirements for entities wishing to offer these services. These requirements include obtaining authorization, adhering to prudential and organizational rules, and ensuring transparent and secure payment processing. A key aspect of the PSD is its focus on consumer rights. It mandates clear information disclosure for payment transactions, including details about charges, exchange rates, and execution times. It also sets liability rules in case of unauthorized or incorrectly executed payment transactions, protecting consumers from financial loss.

The PSD has been instrumental in fostering competition by allowing non-bank entities to offer payment services under certain conditions. This has led to the emergence of new payment service providers and innovative payment solutions. Furthermore, the directive has played a significant role in improving the security of payments through requirements for strong customer authentication and secure communication channels. The initial directive, PSD1, was later replaced by PSD2, which introduced further advancements, particularly in opening up the market to third-party providers through Application Programming Interfaces (APIs) and further enhancing consumer protections.