Many thanks to the great folks at VASCO, who have sponsored my writing for the last week.
Last October, the European Parliament adopted the revised Directive on Payment Services (also known as PSD2), with the aim of harmonizing the European retail payments market, and fostering the adoption of innovative, easy-to-use and secure payment schemes.
PSD2 is part of a European initiative to better secure internet payments, combat “card not present” fraud and increase confidence in ecommerce and online banking.
Payment Service Providers (PSPs) must apply strong customer authentication under the directive - something many online banks are familiar with, but which may present a significant step for e-commerce services and may impact checkout processes.
In short, online merchants will need to find secure but also convenient authentication mechanisms.
To learn much more, download VASCO’s FREE industry briefing - “Strong authentication of Internet Payments in Europe - The new Directive on Payment Services (PSD2)”.
If you’re interested in exclusively sponsoring my site for a week, and reaching an IT-savvy audience that cares about computer security, you can find more information here.