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Support => General => Topic started by: acmail on April 11, 2019, 19:45:18

Title: Second Payments Services Directive (PSD2) Two Factor Authentication
Post by: acmail on April 11, 2019, 19:45:18

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

Title: Re: Second Payments Services Directive (PSD2) Two Factor Authentication
Post by: xmanhattan on April 12, 2019, 17:26:05

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.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/ (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.