Overview
The PSD (Payment Services Directive) is an EU Directive, administered by the European Commission to regulate payment services and payment service providers. It provides the legal framework within which all payment service providers must operate.
The Revised Payment Services Directive (PSD2) is in effect throughout Europe from September 14, 2019. It applies to all online transactions where both the issuing and acquiring banks are located in the European Economic Area (EEA): Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the UK.
Strong Customer Authentication (SCA)
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What the user needs to enter really depends upon the bank as this screen is hosted by the bank. Sometimes just a password but it can also be a bank popup that requires their token generator device.
