We explain in graphic form the key concepts of the PSD2 regulation. A European regulation on electronic payment services that came into force on September 14
DigitalizationNovember 8, 2019 4716 3 min
As you may know, the PSD2 ( Payment Services Directive ) regulation came into force on September 14. This is a European directive that regulates payment services and service providers.
This regulation, as we have been telling you, has brought with it important changes. Among them, a reinforcement of security for bank customers and online buyers due to the mandatory double authentication or two-factor authentication. But also:
Protection against unauthorized or fraudulent transactions: The amount for which the user must be liable in the event of an unauthorized payment transaction is reduced from €150 to €50, except in instagram data cases of fraud or negligence. In addition, in the case of unauthorized transactions, the service provider must immediately return the amount of the transaction to the payer.
Limitation on surcharges for the use of cards : additional charges are prohibited for payments made with debit and credit cards, both in traditional stores and over the Internet.
It is just as important to be aware of these developments as it is to understand the terminology used to talk about the PSD2 regulation. Take a look at the following infographic to check how much you know about it.
Key concepts of the PSD2 regulation
Did you know what this European regulation consists of and its key concepts? If your answer is negative, we hope we have been of help to you by expanding your knowledge on the subject.