EU authorities have reiterated to banks that authentication methods offered to their customers must also be available when that customer is using a third-party provider.
Regulatory technical standards accompanying the revised Payment Services Directive (PSD2) require banks to develop both a dedicated interface facilitating third-party access, and a contingency mechanism known as a “fallback” interface.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.