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Second Payments Services Directive (PSD2) Two Factor Authentication
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acmail:
Does anyone know anything about the the Second Payments Services Directive (PSD2) and how to implement it into Card Payments in ISO Reservations?
I have been contacted by PayPal who say that the directive (which comes into force in September) demands that all online payment methods must include a 'two-factor' authentication process.
https://www.paypal.com/uk/webapps/mpp/psd2
xmanhattan:
It looks like a new way to monitor everything that is bought even though it writes that it will affect banks.
https://www.wired.co.uk/article/open-banking-cma-psd2-explained
https://www.evry.com/en/news/articles/psd2-the-directive-that-will-change-banking-as-we-know-it/
I think that it is too early to worry about it until they detail what has to be done.
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