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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Jan Schildbach – Analyst Deutsche Bank

„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”

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?