Digital Trust Services to comply with new PSD2’ standards
The opening of payment services to new players (AISP, PISP, CISP) and the increase of customer protection are the pillars at base of new Directive.
PSD2 (like other European Regulations, such as AML) refers to eIDAS Regulation on Digital Trust Services to guarantee the security of transaction. In this new environment, new players are between the bank and the customer with different and emerging business models, from the payment initiator to the account aggregator. They will have to equip themselves with the services, defined by eIDAS, and be able to ensure their identity, authenticity and confidentiality of the exchanged data in the transaction.
In addition to this security layer, PSD2 dictates compelling requirements also for the Strong Customer Authentication (SCA), introducing the dynamic linking principle for the payment’s authorization. As the leading Qualified Trust Service Provider in Europe, InfoCert developed a clear and organic Value Proposition compliant with PSD2 requirements.