PSD2: Regulator Responds To Whitelisting And Fraud Rate Queries

The European Banking Authority (EBA) has responded to uncertainty over the application of incoming authentication rules, particularly when a third-party provider is being used.

The regulator extended its Q&A tool to the revised Payment Services Directive (PSD2) in June this year, and on Friday issued its largest haul of responses so far.

In response to a query from the Banque de France, which is responsible for supervising French firms’ compliance with PSD2, it said customers will not be able to set up a “whitelist” of trusted payees via a third-party provider.

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