What is likely to happen between the PSD2 implementation as from January 2018 and the RTS application in September 2019?

13 februarie 2018

The European Payments Council has created an infographic in order to provide a better understanding of the main principles and key players of the final Regulatory Technical Standards (RTS) for strong customer authentication (SCA) and common and secure open standards of communication (CSC) under the revised Payment Services Directive (PSD2). The RTS on SCA and CSC are a critical text to enable the implementation of PSD2, which aims at making European payments safer and more innovative.

More than two years after the European Banking Authority started to work on their principles, and following the publication by the European Commission of a final version in November 2017, the RTS on SCA and CSC are currently being scrutinised by the European Parliament and the European Council.

If both institutions do not object to the text, the RTS will be published in the Official Journal of the European Union by the beginning of March 2018. They would then apply in September 2019, leaving 18 months to the payment industry to get ready for this new state of play.

Follow the link to see the European Payments Council infographic will shed some light on the RTS on SCA and CSC, which are often perceived to be complex!

Transition period – What is likely to happen between the PSD2 implementation as from January 2018 and the likely RTS application in September 2019?

PSD2 - transition perriod


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Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?