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Payment Services Directive 2

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The Payment Services Directive 2 is a European Union law that was introduced in January 2018.


The changes implemented as part of PSD2 will further protect you against fraud, and keep you safe online when making purchases, and when using your online banking services. These changes are happening right across the European Financial Services industry.

Strong Customer Authentication

Strong Customer Authentication (SCA) is a security step that further enhances your security when transacting online and reduces the risk of fraud.

Registering your device

Device registration is a process that will link your PTSB customer profile to your device (mobile or tablet) which will allow you to provide authentication where necessary.

Third Party Providers

What is a Third Party Provider and how does it impact you?

Merchant-Initiated Transactions (MIT)

Merchant-Initiated Transactions (MIT’s) are one or a series of transactions governed by an agreement between the cardholder (you) and the service provider (merchant).

Strong Customer Authentication (SCA) FAQs

Having trouble setting up or using our new in app SCA? We have a new step by step guide to help

Your rights when making payments in Europe

EU rules mean your electronic payments are becoming cheaper, easier and safer. These rights are thanks to the EU’s revised Payment Services Directive (PSD2), Payment Accounts Directive and other EU legislation, which aim to bring you safer, more convenient payments.

Revised Terms and Conditions

The second directive on payment services (Directive (EU) 2015/2366 (PSD2) comes into force on 13 January 2018 and brings with it a significant evolution of the existing regulation of payments.

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