Payment Service Directive II

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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)
  • Payment Card Industry (PCI)
  • Vulnerability Management
  • Penetration Testing
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