We created an infographic to help you understand the main principles and key players of the final Regulatory Technical Standards ( ) for strong customer authentication ( ) and common and secure open standards of communication ( ) under the revised Payment Services Directive ( ).
The on and are a critical text to enable the implementation of , which aims at making European payments safer and more innovative.
More than two years after the European Banking Authority started to work on their principles, and following the publication by the European Commission of a final version in November 2017, the on and are currently being scrutinised by the European Parliament and the European Council. If both institutions do not object to the text, the will be published in the Official Journal of the European Union by the beginning of March 2018. They would then apply in September 2019, leaving 18 months to the payment industry to get ready for this new state of play.
We hope this infographic will shed some light on the on and , which are often perceived to be complex!
Infographic – Understanding the final for strong customer authentication and common and secure open standards of communication under
And if you love infographics, we recommend you take a look at our PSD2 infographic!
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