PSD2
RegulationsPayment Services Directive 2
Definition
The Payment Services Directive 2015/2366, as amended or updated from time to time, including the associated Regulatory Technical Standards developed by the EBA. PSD2 is the EU regulation that mandated banks to provide APIs for account access and payment initiation to licensed third-party providers.
Related Terms
PSD3
Payment Services Directive 3PSD3 is the upcoming revision of the Payment Services Directive that will update and enhance the reg...
EBA RTS
European Banking Authority Regulatory Technical StandardsThe European Banking Authority develops Regulatory Technical Standards which are submitted to the Eu...
SCA
Strong Customer AuthenticationStrong Customer Authentication as defined by EBA Regulatory Technical Standards is an authentication...
Frequently Asked Questions
What is Payment Services Directive 2?
The Payment Services Directive 2015/2366, as amended or updated from time to time, including the associated Regulatory Technical Standards developed by the EBA. PSD2 is the EU regulation that mandated banks to provide APIs for account access and payment initiation to licensed third-party providers.
What does PSD2 stand for in Open Banking?
PSD2 stands for Payment Services Directive 2. It is a fundamental concept in Open Banking and PSD2 regulations. The Payment Services Directive 2015/2366, as amended or updated from time to time, including the associated Regulatory Technical Standards developed by the EBA. PSD2 is the EU regulation that mandated banks to provide APIs for account access and payment initiation to licensed third-party providers.
How does PSD2 affect Open Banking?
Payment Services Directive 2 is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.
More Regulations Terms
DORA
Digital Operational Resilience ActThe Digital Operational Resilience Act is an EU regulation that sets ICT security standards for fina...
DPDI Bill
Data Protection and Digital Information BillThe Data Protection and Digital Information Bill is a piece of UK legislation that makes changes to ...
EBA RTS
European Banking Authority Regulatory Technical StandardsThe European Banking Authority develops Regulatory Technical Standards which are submitted to the Eu...
eIDAS
Electronic Identification, Authentication and Trust ServiceseIDAS is an EU regulation on electronic identification and trust services for electronic transaction...
FIDA
Financial Data Access RegulationFIDA is an upcoming EU regulation that will extend Open Finance beyond payments to cover savings, in...
GDPR
General Data Protection RegulationThe General Data Protection Regulation is a regulation by which the European Parliament, the Europea...
Explore More Open Banking Resources
Dive deeper into the Open Banking ecosystem with our comprehensive directories.