PSD 2 definition

PSD 2 means EU Payment Services Directive (2007/64/EC), the Second EU Payment Services Directive (EU2015/2366) or any implementation of those directives in member states of the EU or EEA.
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PSD 2 means Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC.
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PSD 2 means the revised EU Payment Services Directive 2015/2366/EU.
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Examples of PSD 2 in a sentence

  • Furthermore, if not already covered by the articles referred to in the preceding sentence, the rules regarding provision of information in the Market Conduct Supervision (Financial Institutions) Decree (Besluit gedragstoezicht financiële ondernemingen Wft) that follow from Title III PSD 2 do not apply.

  • For example, the entry into force of PSD 2 increases the number of new entrants into the payments market, which affects competition and increases the variety of payment services available (including the provision of third party access to parties other than banks).

  • Recital 95 and 96 of the PSD 2 clarifies further the nature of such security measures.

  • Especially missing RTS on Strong Authentication and Secure Communication (RTS on SCA) caused troubles to all stakeholders.The PSD 2 was implemented into the Czech legislation by the brand new No 370/2018 Coll., Act on Payment Systems, which will come into force on 13th January 2018.

  • Furthermore, comparable to Article 14(5) NIS Directive, Article 96(2) of the PSD 2 requires the competent authority to inform the competent authorities of other Member States if an incident is relevant for them.

  • Therefore those security requirements can be regarded as at least equivalent in effect to the corresponding provision of Article 14(1) and (2) of the NIS Directive.Concerning the notification requirements, Article 96(1) of the PSD 2 foresees an obligation for the payment service providers to report, without undue delay, serious security incidents to the competent authority.

  • Until now these providers were not regulated at EU level but PSD 2 will cover this, and address issues such as confidentiality, liability and security of such transactions.For PISPs to be efficient, access to a payment account maintained by a credit institution (i.e. a bank account) is vital for the operation of their business.

  • As this section shows, the PSD 2 liability regime does provide for important consumer protection in cases of fraud related to payment services.

  • AITI suggests anyway evaluate this topic in the light of the regulatory framework defined by PSD 2, and suggests to reword the concerned rulebook sections carefully in order to align them with the PSD2 legal framework.

  • In order to ensure a level playing field within the Norwegian financial industry, some of the private law aspects of PSD 2 have been given effect in Norwegian law through a temporary administrative regulation: Regulation 18.February 2019 nb.


More Definitions of PSD 2

PSD 2 means the Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, including any subsidiary legislation, codes, notices and guidelines;“Strong CustomerAuthentication”has the meaning given to it in PSD 2;
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Related to PSD 2

  • Interim Number Portability or “INP” means the use of existing and available call routing, forwarding, and addressing capabilities (e.g. remote call forwarding) to enable a Customer to receive Telephone Exchange Service provided by any Local Exchange Carrier operating within the exchange area with which the Customer’s telephone number(s) is associated, without having to change the telephone number presently assigned to the Customer and regardless of whether the Customer’s chosen Local Exchange Carrier is the carrier that originally assigned the number to the Customer.

  • Number Portability is As Defined in the Act.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

  • Overseas treatment means treatments or appliances provided or sourced from outside of Australia. This includes treatment on cruise ships inside or outside Australian waters.

  • Gram Sabha means a body consisting of persons registered in the electoral rolls relating to a village comprised within the area of Panchayat at the village level;