Psd_2.psd -

: To fight fraud, the directive mandates two-factor authentication for most electronic payments.

: Banks must share customer data (with explicit consent) with Third Party Providers (TPPs) . This allows for innovative services like Account Information Services (AISP) and Payment Initiation Services (PISP). psd_2.psd

The is more than just a legal framework; it’s a catalyst for the Fintech revolution . By mandating that banks open up their data to authorized third parties, it has leveled the playing field and put the power back in the hands of consumers. Key Pillars of PSD2: : To fight fraud, the directive mandates two-factor