Requirements for Providers…
The PSD2 Directive requires Payment Service Providers to apply Strong Authentication to customers in the following cases:
a) Customer accesses its payment account online; b) Customer initiates an electronic payment transaction; c) Customer carries out any action through a remote Channel which may imply a risk of payment fraud or other abuses.
What WUL4 can offer…
This regulation requires changes in the way that Payment Providers and Financial Institutions currently authenticate their customers, requiring adaptations for their authentication mechanisms to be compliant with this regulation.
ADVICE TO FINANCIAL INSTITUTIONS
For optimizing their existing authentication solutions and in the applicability for the exemptions & exceptions to the regulation.
STRONG AUTHENTICATION SOLUTIONS
For remote payments, including the inherence, knowledge and/or possession factors as established in the regulation.