Unravelling the Perks of PSD2: Account Protection and Payment Optimisation

Danielj4ames30 Aug, 2024Business

The Payment Services Directive 2 (PSD2) is a regulation introduced by the European Union to enhance payment security, promote innovation, and improve the protection of consumers in online transactions. A key component of PSD2 is Strong Customer Authentication (SCA), which aims to reduce fraud by ensuring that electronic payments are performed with a higher level of security.