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What is PSD2 cross-border payment?

05 Nov 2022 By PAYCEC

PSD2 cross-border payment solution is the service that improves security measures for all payment service providers, including banks PSD2 specifically requires payment service providers to use strong customer authentication (SCA) as a general practice for electronic payment transactions. To that aim, the Commission adopted regulations outlining how strong customer authentication (SCA) will be implemented.

PSD2 cross-border payment model will help customers save money by lowering fees and prohibiting "surcharging" for card payments in the vast majority of circumstances (including all popular consumer debit and credit cards), both online and in stores. Surcharging is frequent in various Member States, particularly for online payments and specialized industries such as travel and hospitality.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

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