A guide to the Payment Service Directive (PSD2)
The European Commission has reviewed and modernised its PSD to a new legislative framework on payment services, the advancement PSD2 is set to come into effect January 2018 and implemented in all EU member states.
The Payment Services Directive (PSD2) is a fundamental piece of the payments-related legislation in Europe, in force since January 2016. The future directive is a the legacy of the original Payment Service Directive (PSD) and aims to enhance security, competition, efficiency, whilst providing the consumer with more choice in a secure environment to European (EU) level practices and contributors currently unregulated in the EU, and encouraging lower prices for payments.
Many open questions still linger, this infographic and our carrier billing team are here to help: