Payment regulations

PSD2, also known as the Payment Services Directive 2 is a set of laws and regulations established by the European Banking Authority (EBA) that aims to improve consumer rights while also promoting competition within the financial industry.

The directive not only enhances the safety of payments across the European Union, but also enables the development and use of innovative new technologies. …

To help combat financial and data fraud, the PSD2 requires strong customer authentication (SCA) for most online payments in Europe.

Merchants and PSPs must verify customer identity for most transactions using two factor authentication (2FA), that is at least two out of the following three authentication methods:

If transactions aren’t appropriately authenticated, banks …

MultiSafepay complies with all required measures to ensure data protection, including:

• Encrypting all stored data
• Anonymizing stored data as much as possible
• Using …

The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard mandated by major card schemes that applies to organizations which handle branded credit cards. The standard is administered by the Payment Card Industry Security Standards Council.

MultiSafepay is fully PCI DSS certified.

Credit cards

Under the PCI DSS, payment service providers and businesses that …