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+--- Thread: What Is The PSD2 Directive? (/thread-89594.html)
What Is The PSD2 Directive? - sedrick purdy - 02-03-2022
The PSD2 directive is a set of regulations that will govern how banks interact with customers in the EU. The directive will be implemented to provide more transparency and security for the customer.PSD2 is an EU directive that will come into force in 2018 and will have a huge impact on the banking industry. The PSD2 directive is designed to make payments cheaper, faster and safer for customers.
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It is also designed to open up new opportunities for businesses to interact with banks and for customers to pay for goods and services. This blog will look at the PSD2 directive, how it will affect banks and how it affects their customers.The Payment Services Directive (PSD2) is an EU Directive which became the law of the land on 12 October 2009. As a result, the new European rules took effect from the 1st of January 2010.
Payment Services Directive (PSD) is a European Union Directive on payment and settlement services. This Directive was adopted by the Council of the European Union in April 2001, and ratified by the European Parliament and the European Commission in November 2001. The purpose of this Directive is to harmonize national laws on payment service provider (PSP) activities across the European Union.