Payment Service Directive II

Course Summary

This is a PSDII (2015/2366/EC) course that is designed to provide students a thorough overview and detailed knowledge of what PSD means in today’s economic, commercial, and banking sectors. The training is focused on equipping you with real-world knowledge of the impact, scope, and practices of PSDII. You will gain practical knowledge and skills, supervise PSD II compliance and service portfolios in related industries.

Course Topics

• Introduction of Payments Service Directive
• Overview of PSD II
• Detailed Look at PSDII
• PSDII Objectives, Applications & requisites
• Customer Data Access and Third-Party Providers (TTPs)
• Requirements for Access to Account (XS2A)
• Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISP)
• Requirements of Strong Customer Authentication
• Studying technical standards of open banking: Overview of Regulatory Technical Standard (RTS)
• Application Programming Interface (API) Impact
• Multilateral Interchange Fees Regulation
• The Four Corners Model & MIFs with Regulatory Scope
• Security Overview: PSDII Framework
• Security & Operational Risks: Understanding Authentication & Authorization, Fraud Control, & Incident Reporting

Learning Outcome

At the end of this course students will be able to:

• Fully comprehend the PSDII framework core objectives and connect them with the impact payment service providers have of open banking APIs
• Fully comprehend Strong Customer Authentication pre-requisites
• Comprehensively understand how PSDII frameworks connect to MIF regulations
• Develop understanding of how the payment ecosystem is affected by PSDII regulations

 Who Should Take this Course?

• Project Managers
• Business Analysts
• Regulatory Compliance Officer

 Related Course?

• General Data Protection Regulation (GDPR)
• BASEL II
• Payment Card Industry (PCI)
• Vulnerability Management
• Penetration Testing