Some key topics under PSD2: open banking, strong customer authentication, and the platform/commercial agent exemption

Written By

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Scott McInnes

Partner
Belgium

I am a partner in the Brussels office of Bird & Bird where, as an expert in payments regulation and competition law, I work closely with our Finance & Financial Regulation group, our EU & Competition law team, as well as our Public Affairs team.

The second Payment Services Directive (PSD2) updates the original Payment Services Directive (PSD1) which dates back from 2007. In this article, we will discuss the most important changes in- troduced by PSD2 and the new types of payment services which it permits, such as open banking and strong customer authentication.

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