Regulatory Technical Standard (RTS) for PSD2 SCA in Plain Text
Abbreviations Used with PSD2 Payment Services Directive 2 - PSD2 Regulatory Technical Standard ( RTS ) - A recommendation requested by PSD2 as a technical guideline to be compliant with PSD2 Strong Customer Authentication - SCA Payment Service User - PSU Account Servicing Payment Service Provider ( ASPSP ) - the existing banks Payment Initiation Service Provider ( PISP ) - a third party entity or a bank itself that can initiate the payment process Account Information Service Provider ( AISP ) - a third party or a bank itself which can retrieve PSU's account information may be to show an aggregate view of all accounts. Payment Service Providers issuing card- based payment instruments ( PSP ) - payment service providers that existed in pre PSD2 era who are doing payments through card networks like VISA or Mastercard. Sometime this is also used to refer all PSPs including PISP and AISP. Common and Secure...