maksupalvelusäädöksiä

Maksupalvelusäädökset refers to the legislative framework governing payment services in Finland. This legislation aims to ensure the safety, efficiency, and competitiveness of the payment market. The core of these regulations is implemented through the Finnish Payment Services Act (maksupalvelulaki), which aligns with the European Union's Payment Services Directive (PSD2).

The primary objectives of maksupalvelusäädökset include enhancing consumer protection, fostering innovation in payment services, and promoting fair competition among payment service providers. They establish clear rules for how payment services can be offered and operated, covering aspects such as licensing requirements for payment institutions, the rights and obligations of both payment service users and providers, and security measures for payment transactions.

Key provisions within the maksupalvelusäädökset address areas like strong customer authentication, which requires additional verification for electronic payments to reduce fraud. They also introduce concepts like Payment Initiation Services (PIS) and Account Information Services (AIS), allowing authorized third-party providers to access customer account information (with consent) and initiate payments on their behalf. This has opened doors for new fintech solutions and greater choice for consumers.

The regulations also define various types of payment service providers, including banks, electronic money institutions, and the aforementioned payment institutions, each with specific regulatory oversight. Compliance with these säädökset is supervised by the Finnish Financial Supervisory Authority (Finanssivalvonta).