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

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).

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

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.

eIDAS: Qualified Certificates supporting PSD2

eIDAS: Qualified Certificates supporting PSD2

The Payment Service Directive 2 (PSD2) allows non-banks to provide payment services previously reserved for banks only. As a result, the market of services initiating a payment transaction or getting information about account balance will grow and 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.

The PSD2 - Directive and Distributed Authentication

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.

Bridging a link between PSD2 and eIDAS

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

PSD2 and the Regulatory Technical Standards for Strong Customer Authentication

PSD2 and the Regulatory Technical Standards for Strong Customer Authentication

The 2015 Revised Directive on Payment Services (also known as PSD2) lays the foundation for safe and secure payments throughout the European Union. PSD2 places a substantial emphasis on ensuring that adequate safeguards are put in place to prevent fraud and other unauthorized use of payment mechanisms.

eIDAS and the Regulatory Technical Standards for Strong Customer Authentication

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.

An introduction to the Regulatory Technical Standards

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.

PSD2 & eIDAS: Are social networking platforms replacing banks?

PSD2 & eIDAS: Are social networking platforms replacing banks?

"Banks aren’t places to store money anymore, banks are places to store data". This was the statement made by David Birch at the 2017 ISSE Conference in Brussels.