PSD2 RTS for strong customer authentication and common and secure open standards of communication published

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What are the practical implications?

What does it mean that the RTS are now in force?

Today, on 14 March 2018, the RTS came into force. The good news is: the final version of the RTS is now – at least until EBA’s next examination – definite. PSD2 granted an interims period of 18 months for the payment industry to adopt to the new measures and the RTS will not become effective before 14 September 2019. Thus, the RTS won’t be “armed” effectively before that date.

But isn’t PSD2 already in force since 13 January 2018?

That’s mostly correct: Besides the RTS several regulations become effective on 14 September 2019; which inter alia include :

  • strong customer authentication under PSD2
  • Specific obligations for payment initiation and account information service providers and payment account service providers

So, everything is clear now. Or is it?

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