EU Payment Services Directive (PSD2)
The European Commission published a proposal for a Payment Services Regulation (PSR) in September 2023 to replace PSD2, aiming to strengthen fraud prevention, open banking, and consumer protection. PSD2 (Directive 2015/2366) remains in force since January 2018.
Framework summaries on this platform are AI-assisted interpretations for educational and compliance planning purposes. They do not reproduce or replace the official standards. Refer to the authoritative source for the definitive text. Framework names and trademarks belong to their respective organisations.
Framework Domains (7)
PSD3: Authorisation and Licensing
| Code | Title |
|---|---|
| PSD3 Art. 1 | Subject matter and scope |
| PSD3 Art. 3 | Authorisation of payment institutions |
| PSD3 Art. 36(5) | Initial capital alternatives |
| PSD3 Art. 9 | Safeguarding requirements |
PSD3: E-Money Integration
| Code | Title |
|---|---|
| PSD3 Art. 10 | E-money institution integration |
| PSD3 Art. 11 | E-money issuance requirements |
| PSD3 Art. 12 | Redemption of electronic money |
PSD3: Prudential Supervision
| Code | Title |
|---|---|
| PSD3 Art. 15 | Prudential supervision requirements |
| PSD3 Art. 18 | Winding-up plan requirement |
| PSD3 Art. 20 | Withdrawal of authorisation |
| PSD3 Art. 25 | Supervision and enforcement |
PSR: Consumer Protection and Fraud
| Code | Title |
|---|---|
| PSR Art. 55 | Unauthorised payment transaction liability |
| PSR Art. 58 | Right to refund for authorised transactions |
| PSR Art. 62 | IBAN/name verification |
| PSR Art. 90 | Fraud prevention measures |
PSR: Open Banking and Account Access
| Code | Title |
|---|---|
| PSR Art. 44 | Access to payment accounts |
| PSR Art. 46 | Payment initiation services |
| PSR Art. 48 | Account information services |
| PSR Art. 50 | Data access dashboard |
PSR: Strong Customer Authentication and Security
| Code | Title |
|---|---|
| PSR Art. 83 | Strong customer authentication |
| PSR Art. 85 | Dynamic linking for remote transactions |
| PSR Art. 86 | Exemptions from strong customer authentication |
| PSR Art. 88 | Operational and security risk management |
PSR: Transparency and Information
| Code | Title |
|---|---|
| PSR Art. 1 | Subject matter and scope of PSR |
| PSR Art. 13 | Pre-contractual information requirements |
| PSR Art. 20 | Charges and currency conversion transparency |
| PSR Art. 25 | Information on individual payment transactions |
Your Compliance Coverage
If you comply with EU Payment Services Directive (PSD2), you already cover:
FTC GLBA Safeguards Rule (16 CFR Part 314)
30%
8 controls mapped
Compare →Modern Slavery Act 2018 (Australia)
30%
8 controls mapped
Compare →Florida Digital Bill of Rights (SB 262)
30%
8 controls mapped
Compare →+ 542 more: UK Telecommunications (Security) Act 2021 (30%), Digital Economy Partnership Agreement (DEPA) (30%)
See all 545 mapped frameworks ↓Maps to 545 other frameworks
Frequently Asked Questions
What is EU Payment Services Directive (PSD2)?
EU Payment Services Directive (PSD2) is a compliance framework from European Union with 7 domains and 27 controls. The European Commission published a proposal for a Payment Services Regulation (PSR) in September 2023 to replace PSD2, aiming to strengthen fraud prevention, open banking, and consumer protection. PSD2 (Directive 2015/2366) remains in force since January 2018. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does EU Payment Services Directive (PSD2) have?
EU Payment Services Directive (PSD2) has 27 controls organised across 7 domains. The largest domains are PSD3: Authorisation and Licensing (4 controls), PSD3: Prudential Supervision (4 controls), PSR: Consumer Protection and Fraud (4 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does EU Payment Services Directive (PSD2) map to?
EU Payment Services Directive (PSD2) maps to 545 other compliance frameworks. The top mapping partners are FTC GLBA Safeguards Rule (16 CFR Part 314) (30% coverage), Modern Slavery Act 2018 (Australia) (30% coverage), Florida Digital Bill of Rights (SB 262) (30% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with EU Payment Services Directive (PSD2) compliance?
Start your EU Payment Services Directive (PSD2) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about EU Payment Services Directive (PSD2) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 27 controls and track your progress.
Start Your Compliance Journey
Create a free account to run self-assessments, get AI advisory, and track your compliance progress across 768 frameworks.
Get Started Free →Free forever — no credit card required