What is PSD2?
The Payment Services Directive 2 (PSD2) is an EU regulation (retained in UK law) that governs payment services, introducing Strong Customer Authentication, open banking requirements, and enhanced consumer protections.
Overview
The Payment Services Directive 2 (PSD2) is an EU regulation (retained in UK law) that governs payment services, introducing Strong Customer Authentication, open banking requirements, and enhanced consumer protections.
How It Works
PSD2 is an important concept in payment security and compliance. Understanding it helps businesses protect cardholder data and meet PCI DSS requirements.
Why It Matters
Implementing proper psd2 practices reduces the risk of data breaches, lowers compliance costs, and protects both the business and its customers from fraud.
Paytia's PCI DSS Level 1 certified platform incorporates psd2 as part of its comprehensive security approach. By processing phone payments through DTMF suppression, Paytia ensures card data is protected at every stage.
Frequently Asked Questions
What is psd2?
The Payment Services Directive 2 (PSD2) is an EU regulation (retained in UK law) that governs payment services, introducing Strong Customer Authentication, open banking requirements, and enhanced consumer protections.
Why is psd2 important for PCI DSS?
PCI DSS requires organisations to implement psd2 as part of their security controls for protecting cardholder data.
How does Paytia handle psd2?
Paytia implements psd2 as part of its PCI DSS Level 1 certified infrastructure, ensuring all phone payments are processed securely.
Related Terms
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