PSD2

Payment Services Directive 2

ActivePayment ServicesEurope
European Union • Regulated by European Banking Authority (EBA)
📅
Effective Date
Jan 2018
Full Compliance
Sep 2019
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Regulator
European Banking Authority
EBA
📊
Scope Areas
3

Overview

The revised Payment Services Directive requires banks to provide account access to licensed third-party providers (TPPs) via secure APIs. It introduced Strong Customer Authentication (SCA) and created new payment institution categories (AISPs, PISPs, CBPIIs).

Note: Foundation of Open Banking in Europe. RTS on SCA mandated secure communication standards.

Applicable Countries

This regulation applies to all 27 EU Member States:

Scope & Coverage

This regulation covers the following areas and services:

AISPISCBPII

Key Requirements

Open APIs for account access
Strong Customer Authentication (SCA)
Third-party provider licensing
Consumer protection measures

Timeline

Effective Since
January 13, 2018
Full Compliance Deadline
September 14, 2019

Official Resources

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