PSD2 & SCA

  • Why am I asked for my PIN when making contactless payments with my myPOS card?

    Following the PSD2 legislation and the Strong Customer Authentication (SCA) requirements, you will be asked to enter your PIN when making contactless payments in the following scenarios: Single Transaction Above 100 EUR: If you make a single contactless...

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  • How does PSD2/SCA apply to the use of my myPOS business card?

    The Payment Services Directive 2 (PSD2) and Strong Customer Authentication (SCA) bring enhanced security measures for card transactions. For merchants using their myPOS card, the following rules apply to contactless payments: Single Transaction Above 10...

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  • PSD2 and myPOS

    At myPOS, we prioritize security and compliance with the latest regulations. The Payment Services Directive 2 (PSD2) and Strong Customer Authentication (SCA) introduce additional security measures for card transactions. myPOS ensures that all payment se...

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  • How PSD2 affects marketplaces?

    The Payment Services Directive 2 (PSD2) introduces significant changes for merchant marketplaces. To comply with PSD2, marketplaces have the following options: Become a Payment Institution:Description: Marketplaces can obtain a payment institution licen...

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  • Why was PSD2 created?

    The Payment Services Directive 2 (PSD2) was introduced to address changes in consumer behavior and the evolving landscape of payment methods driven by technological advancements and consumer demand. The directive aims to make the payment industry safer ...

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