EU Payment Services Directive (PSD2) – Under Review
The European Commission is currently reviewing the Payment Services Directive 2 (PSD2) to assess potential updates, including fraud prevention and open banking improvements. As of now, no formal proposal for PSD3 or a Payment Services Regulation (PSR) has been published.
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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) – Under Review, 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 →+ 518 more: UK Telecommunications (Security) Act 2021 (30%), Digital Economy Partnership Agreement (DEPA) (30%)
See all 521 mapped frameworks ↓Maps to 521 other frameworks
Frequently Asked Questions
What is EU Payment Services Directive (PSD2) – Under Review?
EU Payment Services Directive (PSD2) – Under Review is a compliance framework from European Union with 7 domains and 27 controls. The European Commission is currently reviewing the Payment Services Directive 2 (PSD2) to assess potential updates, including fraud prevention and open banking improvements. As of now, no formal proposal for PSD3 or a Payment Services Regulation (PSR) has been published. 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) – Under Review have?
EU Payment Services Directive (PSD2) – Under Review 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) – Under Review map to?
EU Payment Services Directive (PSD2) – Under Review maps to 521 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) – Under Review compliance?
Start your EU Payment Services Directive (PSD2) – Under Review 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) – Under Review 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.
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