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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 rules were introduced to tackle VAT fraud by requiring all payment service providers (PSPs) as defined under the EU Payment Services Directive (PSD2) to report on cross-border payments which originate in the EU. To separate business payments from personal transfers, PSPs are only required to report on payments where they know that the ...
Version 2 of 3-D Secure, which incorporates one-time passcodes, is a form of software-based strong customer authentication as defined by the EU's Revised Directive on Payment Services (PSD2); earlier variants used static passwords, which are not sufficient to meet the directive's requirements.
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.
Texas Tech's forward Robert Jennings (25) prepares to dunk the ball against Kansas in a Big 12 basketball game, Monday, Feb. 12, 2024, at United Supermarkets Arena.
Chase Paymentech is an American payment service provider and merchant acquiring business that is part of JPMorgan Chase. Paymentech payment platforms supports businesses to process payments. In addition to its payment services the company provides associated business services such as analytics, payment fraud detection, and data security. [1]
A busy transfer portal day for Texas Tech football continued with the commitment of defensive back Devynn Cromwell. Skip to main content. 24/7 Help. For premium support please call: 800-290 ...