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January 2019 PSD2 Tracker with PYMNTS.com

Download the latest PSD2 Tracker here: https://www.pymnts.com/psd2-tracker/

PSD2, or the Revised Payment Service Directive, is an EU Directive to regulate payment services and payment service providers throughout the European Union and European Economic Area.

To help merchants and payment service providers prepare, Whitepages Pro has collaborated with PYMNTS.com to produce the PSD2 tracker, updated each month to reflect the latest news and stories.

This month’s PSD2 tracker covers the following and more:

Feature Story
PSD2 and its impact on the travel world with Jean-Christophe Lacour, head of merchant services for Amadeus Payments

News and Trends
EU data agency offers guidance on GDPR
EDPB to debate on data availability for cross-border transactions
Facebook breaches lead to call for regulations
GDPR data request leads to Amazon snafu
Google is now able to issue payments in the EU under PSD2
Microsoft 365 launches GDPR compliance products

Deep Dive
What PSD2 means for online payments and authentication
FCA (Financial Conduct Authority) Exemptions and online authentication
What PSD2 means for cross-border payments

Our VP of EMEA, Spencer McLain, also shared how payment processors can use AI to help with PSD2 compliance.

Numerous providers in the space will offer Transaction Risk Analysis (TRA), from card networks to Payment Service Providers (PSPs) and Merchants themselves. These models will leverage network insights, payment information, identity data and device information to build a Machine Learning (ML) algorithm that can detect fraud and reduce false positives. Merchants that decide to build an ML model themselves will have a highly tuned model for their business, but miss out on the broader payment network signals from other merchants and PSPs. To supplement and validate the identity data on the transaction, PSPs and merchants can leverage identity data providers like Whitepages Pro, and use device fingerprinting technology to identify unknown devices placing orders.

To keep up with the ever-changing world of PSD2, download the January 2019 PSD2 Tracker here: https://www.pymnts.com/psd2-tracker/

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