EBA’s opinion on elements of Strong Customer Authentication under PSD2 – Part 2 – Possession and Knowledge

Financial institutions and solution providers are busy implementing the requirements of Strong Customer Authentication (SCA) under the Revised Payment Services Directive (PSD2) and the Regulatory Technical Standards (RTS).

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EBA’s Opinion on elements of Strong Customer Authentication under PSD2 – Part I - Inherence

A fundamental objective of the Revised Payment Services Directive (PSD2) has been to reduce the risk of fraud to the maximum extent possible and ensuring security for electronic payment transactions.

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Cryptomathic Launches Mobile Solution for Digital Onboarding at the Branch - Supported by QES

New digital portal streamlines banking client onboarding while addressing AML, eIDAS and PSD2 requirements.

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Integrating PSD2 and eIDAS

With the introduction of PSD2, banks are forced to provide third party payment service providers (PSPs) with access to the bank’s customers’ account information for account servicing and payment initiation services, but only in the case where the user has granted access to these third-party players. This article explores a technical solution that leverages eIDAS to address the PSD2 requirements.

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The new ETSI standard for eIDAS qualified certificates supporting the PSD2 directive

In November 2018, ETSI published the new version of standard ETSI TS 119 495 - Sector Specific Requirements Qualified Certificate Profiles and TSP Policy Requirements under the Payment Services Directive (EU) 2015/2366. The standard was expected by financial institutions and trust services to allow secure communication in the context of Payment Service Directive 2 (PSD2).

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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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