Ad
related to: psd2 payment initiation portal registration application free form fillableform-pdf-typer.pdffiller.com has been visited by 1M+ users in the past month
- Edit PDF Documents Online
Upload & Edit any PDF File Online.
No Installation Needed. Try Now!
- Make PDF Forms Fillable
Upload & Fill in PDF Forms Online.
No Installation Needed. Try Now!
- Convert PDF to Word
Convert PDF to Editable Online.
No Installation Needed. Try Now!
- Free trial
$0.00
First 30 Days
- pdfFiller Account Log In
Easily Sign Up or Login to Your
pdfFiller Account. Try Now!
- Type Text in PDF Online
Upload & Type on PDF Files Online.
No Installation Needed. Try Now!
- Edit PDF Documents Online
Search results
Results From The WOW.Com Content Network
The Revised Payment Services Directive (PSD2, Directive (EU) 2015/2366, [1] which replaced the Payment Services Directive (PSD), Directive 2007/64/EC [2]) is an EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA).
Strong customer authentication (SCA) is a requirement of the EU Revised Directive on Payment Services (PSD2) on payment service providers within the European Economic Area. The requirement ensures that electronic payments are performed with multi-factor authentication , to increase the security of electronic payments. [ 1 ]
The Berlin Group consist of almost forty banks, associations and payment service providers (PSPs) from across the European Union. The objective was to define open and common scheme- and processor-independent standards in the inter-banking domain between creditor banks and debtor banks and to complement the work carried out by organisations like the European Payments Council.
The Open Payment Initiative, or O.P.I. for short, was launched to standardize the application interface between the electronic point of sale (EPOS) application and any cashless payments solution installed on the electronic funds transfer at point of sale (EFTPOS) payment terminal.
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .
The Payment Application Data Security Standard (PA-DSS) is the global security standard created by the Payment Card Industry Security Standards Council (PCI SSC). [1] PA-DSS was implemented in an effort to provide the definitive data standard for software vendors that develop payment applications.
The concept was first explored in 2003 as part of the open innovation movement that was promoted by Henry Chesbrough. [4] [5] The advent of internet banking and development of online technology in the early 2000s led to interest in access to the data, which was first seen in account aggregation attempts by technology companies.
Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.