EPIF is delighted to share with you its views and recommendations ahead of the expected proposal by the European Commission revising the PSD2.

EPIF members have always been supportive of the PSD2’s goals of being a maximum harmonisation Directive. With this in mind, our recommendations focus on the areas we believe warrant a closer and more urgent look during the review exercise by the European Commission. These relate to:

• Access to payment infrastructure;
• Scope of the PSD2;
• Authorisation, licensing regime and supervision;
• Fraud prevention and Strong Customer Authentication;
• Open Banking; and
• The interplay between the PSD2 and other legislation.