Ai Video: Are you ready for the PSD2 legislation?

13th May, 2019 

PSD2 or the payment services directive in Europe is being associated with a major change in payments and data protection. It is aimed at regulating payment collection and payment services in the EU and EEA. The PSD2 legislation came into effect last year, with full operational compliance to technical standards required by September this year.

It is a challenging phase for the entire payment ecosystem, says Laurie Gablehouse, Global Head of Travel Solutions, Ingenico ePayments, who was in Brighton, UK last week for Ai’s ATPS (13th ATPS Worldwide Event).

Laurie pointed out that the standards are still evolving, with grasp over “80% - 90% of what needs to happen”. “(So) the timing is quite late from a technical perspective for everybody to be ready by September.” She recommended that merchants, including airlines, need to assess where this directive is going to be applicable and accordingly, what are the requirements for the SCA (Strong Customer Authentication). The SCA requirement is for transactions between cardholders whose payment cards have been issued in the EEA and merchants located in the EEA. Exemptions include low value payments at the point of sale (to facilitate the use of mobile and contactless payments).

Ritesh Gupta


Follow Ai on Twitter: @Ai_Connects_Us




  • Ai Editorial: Digital wallets leading the alternative payments charge +

    19th July, 2019 Ai Editorial: How travellers transact has changed, and merchants can't ignore the role of e-Wallets and bank transfers while deciding on their payment acceptance mix, writes Ai's Read More
  • Ai Video: Learning from mobile shopping in China +

    17th July, 2019 Mobile consumption patterns in general remain very exciting in China. Ecosystems facilitate various daily activities and shopping requirements in a seamless manner. So a user doesn’t easily Read More
  • Ai Editorial: Are airlines ready to “own the first and last mile”? +

    12th July, 2019 Ai Editorial: Airlines need to focus on tapping the mobility as a service (MaaS) segment, offering a truly interconnected experience via their own digital assets covering all Read More
  • 1
  • 2
  • 3
  • 4
  • 5