What is Payment Services Directive?
The Payment Services Directive is EU legislation (retained in UK law) that regulates payment services, payment service providers, and electronic money institutions to ensure security, competition, and consumer protection.
Overview
The Payment Services Directive is EU legislation (retained in UK law) that regulates payment services, payment service providers, and electronic money institutions to ensure security, competition, and consumer protection.
How It Works
Payment Services Directive is an important concept in modern payment processing. Understanding it helps businesses choose the right payment methods and technologies for their customers.
Relevance to Phone Payments
While payment services directive may primarily relate to other payment channels, businesses that accept payments across multiple channels — including phone — benefit from understanding how different payment methods complement each other.
Paytia's platform supports businesses across multiple payment channels. For phone payments specifically, Paytia's secure platform complements payment services directive by covering the voice channel where customers prefer to pay by phone.
Frequently Asked Questions
What is payment services directive?
The Payment Services Directive is EU legislation (retained in UK law) that regulates payment services, payment service providers, and electronic money institutions to ensure security, competition, and consumer protection.
How does payment services directive work with phone payments?
While payment services directive primarily operates in other channels, businesses that also take phone payments can use Paytia to cover the voice channel securely.
Is payment services directive PCI DSS compliant?
Any payment method that handles card data must comply with PCI DSS. The specific requirements depend on how the data is captured, transmitted, and stored.
Related Terms
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