Benefits of the eIDAS Toolbox – Case Studies from Various Industries (Part 1)

The eIDAS Regulation has been designed with an aim to optimize digital business practices while simultaneously enhancing security for all users. It allows for better cross border operational compatibility and improves the flow of information which makes the modern economy tick. We have discussed many such aspects of eIDAS in previous articles, but in this two-part series we explore some real-world applications through a few case studies. Here we look at how businesses in the finance and logistics sectors can benefit from the various tools that eIDAS provides.

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The PSD2 - Directive and Distributed Authentication

PSD2 breaks up the ways in which banks do their business, by forcing them to open up their APIs. By doing so, PSD2 challenges the way in which data was traditionally secured in banks.

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eIDAS: Qualified Certificates supporting PSD2

The Payment Service Directive 2 (PSD2) allows non-banks to provide payment services which before were reserved for banks only. The market of services initiating a payment transaction or getting information about account balance will grow, and will also be open for new business models and technologies. The Directive and its implementation standards require all transactions to be handled through secure channels and all data shall be protected regarding authenticity and integrity.

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Examining the Impact of eIDAS - Part 2

In Part 1 of our series exploring the wide footprint of the eIDAS regulation, we looked things like PSD2, the European Citizen’s Initiative and the eHealth Governance Initiative. However, these are just a few examples of the many applications of the eIDAS mechanisms. In this part, we look at some other interesting applications including Social Security and the prevention of Money Laundering.

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Examining the Impact of eIDAS - Part 1

The eIDAS regulation is a key foundational stone in the creation of the pan-European Digital Single Market. It provides the essential elements to build a robust and secure electronic identification system and reliable trust services. Without the tools that eIDAS enables, a number of other EU directives and initiatives would not be able to function effectively - or at all.

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Bridging a link between PSD2 and eIDAS

Following the revised Payment Service Directive (PSD2), banks in the EEA are required to enable their customers (users) to grant third party providers (TPPs) access to

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PSD2 and the Regulatory Technical Standards for Strong Customer Authentication

The 2015 Revised Directive on Payment Services (commonly referred to as PSD2) lays the groundwork for safe and secure payments across the European Union. PSD2 places a significant impetus on ensuring that adequate safeguards are put in place to prevent fraud and other unauthorized use of payment mechanisms.

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eIDAS and the Regulatory Technical Standards for Strong Customer Authentication

Last November saw the adoption of the Delegated Regulation on Regulatory Technical Standards (RTS) by the European Commission. The objective of this regulation is to provide for Strong Customer Authentication (SCA) and establish secure channels of communications.

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An introduction to the Regulatory Technical Standards

The European Commission adopted the Delegated Regulation on Regulatory Technical Standards (RTS) in November 2017. These standards provide detailed specifications to achieve the strict security requirements for payment service providers in the EU.

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