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The PSD contained two main sections: The "market rules" described which type of organisations could provide payment services. Next to credit institutions (i.e. banks) and certain authorities (e.g. central banks, government bodies), the PSD mentioned electronic money institutions (EMI), created by the E-Money Directive in 2000, and created the new category of "payment institutions" (PI) with ...
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Transfer of Undertakings (Protection of Employment) (Transfer of Staff to the Scottish Courts and Tribunals Service) Regulations 2022 1007: The Food (Promotion and Placement) (England) (Amendment) Regulations 2022 1008: The Air Navigation (Restriction of Flying) (Helicopter Flight) (No. 6) Regulations 2022 1009: Not Allocated 1010
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Strong customer authentication (SCA) is a requirement of the EU Revised Directive on Payment Services (PSD2) on payment service providers within the European Economic Area. The requirement ensures that electronic payments are performed with multi-factor authentication, to increase the security of electronic payments. [1]
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