What does EU directive PSD2 change?
EU directive PSD2 SCA (incl. two-factor authentication, or 2FA), already valid since September 14, 2019, came into force on January 1, 2021, permanently changing payment behavior and related requirements. This directive is the EU legislature’s response to the increasing digitalization of European payment transactions and is designed to strengthen consumer protection by promoting the introduction of technical innovations and increasing legal certainty.