What is the Payment Services Directive 2 (PSD2)?

Since 2012, online fraud in the UK has doubled. To tackle this problem, new European Union legislation, called Payment Services Directive 2 (PSD2 for short) was introduced. A big part of this is Strong Customer Authentication which was introduced on the 14 September 2019 to make purchasing online safer and more secure. Find out more about online fraud. PDF (566KB)