The Payment Services Directive 2 (PSD2) is a European directive that was adopted in 2015 and came into force in January 2016. Its aim is to create a more integrated European payments market and make payments more secure and protect consumers [1]. It also introduces new players into the payment services field and includes new […]
Strong Customer Authentication: SCA is a security feature that requires at least two independent elements of authentication to be provided by a customer when accessing their payment account or when performing certain high-risk transactions. These elements fall into three categories:
NextGenPSD2 is an updated version of the Payment Services Directive (PSD2), an EU directive that regulates payment services and payment service providers. The directive was first implemented in 2018 and has been in force since then. The main objectives of NextGenPSD2 are to improve the security of online payments, increase consumer protection, and promote competition
What is Berlin Group?The Berlin Group is a consortium of payment processors and other payment-related companies that aims to develop standards and best practices for payment processing in Europe. The group was established in 2012 and includes companies such as Adyen, Ingenico, and Worldline, among others. The Berlin Group’s main focus is on developing a
