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Glossary › Payment Services Directive (PSD2)
What is Payment Services Directive (PSD2) ?
PSD2 standardizes electronic payments and mandates strong customer authentication, secure APIs, and protections for financial data. In TPRM, vendors supporting payment processing must meet PSD2 security and compliance requirements.
FAQs
Does PSD2 apply to vendors?
Yes, vendors supporting payment services must comply.
Does PSD2 require strong authentication?
Yes, SCA is mandatory.
Is PSD2 part of open banking?
Yes, it established the open banking ecosystem.
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