Amendment to “reduce frictions for customers”, easy and unsafe? | PSD2, EU

Easy and unsafe? That was the first thing that came to mind when I read the following tweet from EU Finance about the security requirements of PSD2:



Unfortunately, there was no reference to a Commission source or to the amended requirements. So there is not yet a possibility to look at the complete revision of the RTS.

It probably refers to the consultation on the amendment of the rules (Regulatory Technical Standards, ‘RTS’) on ‘SCA’ (strong customer authentication) and ‘CSC’ (secure communication), which the European Banking Authority (EBA) was working on in the autumn of 2021 and the spring of 2022.


More information:


European Commission:

The Commission in 2021 held a tender on PSD2 (see also this), title: Study on the Application and Impact of Directive (EU) 2015/2366 on Payment Services (PSD2), description:

To make sure that PSD2 (and its possible amendments) are fit for purpose. The set of rules regarding payments should address the challenges posed by the ongoing digitalisation, foster a competitive and innovative EU payments market with harmonised and technological-neutral conditions, and ensure a high-level of consumer protection, as well as the security and ease of payments. The revision of PSD2 is included in the Commissions “Retail Payments Strategy” of September 2020.

Over Ellen Timmer

Weblog: ||| Microblog: ||| Motto: goede bedoelingen rechtvaardigen geen slechte regels
Dit bericht werd geplaatst in English - posts in English on this blog, Europa, Financieel recht, onder meer Wft, Wtt, ICT, privacy, e-commerce en getagged met , , . Maak dit favoriet permalink.

Geef een reactie

Vul je gegevens in of klik op een icoon om in te loggen. logo

Je reageert onder je account. Log uit /  Bijwerken )

Facebook foto

Je reageert onder je Facebook account. Log uit /  Bijwerken )

Verbinden met %s