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Impacts of the Payment Services Directive on corporate customers

The new Payment Services Directive (PSD2) will usher changes to corporate customers’ card payments and banking in electronic channels.

The new Payment Services Directive (PSD2) will usher changes to corporate customers’ card payments and banking in electronic channels in September 2019, with the aim of increasing security in payments and banking through the use of strong customer authentication. The changes apply to electronic authentication and card payments in Europe. 

The requirement of the directive for strong customer authentication in electronic payment transactions such as online payments and online use of a payment account aims to make e-commerce more secure and reduce fraud.

Questions and answers about impacts of the Payment Services Directive on corporate customers