What are the EU’s most important objective(s) in establishing PSD2?
Increase innovation and bring in new ways to pay
A
A
QUESTION 1
QUESTION 2
QUESTION 3
QUESTION 4
QUESTION 5
Increase competition between financial institutions
B
B
Lower fraud
C
C
All of the above
D
D
Increase competition between financial institutions
Lower fraud
All of the above
Increase innovation and bring in new ways to pay
10th March, 2021 for UK and 31st December 2020 for EEA
D
D
14th April, 2021 for UK and 30th September 2020 for EEA
C
C
14th October, 2020 for UK and 31st August 2020 for EEA
B
B
14th September, 2021 for UK and 31st December 2020 for EEA
A
A
What are the new expected dates for enforcement on the requirement to perform Strong Customer Authentication (SCA) in the UK and EEA?
QUESTION 5
QUESTION 4
QUESTION 3
QUESTION 2
QUESTION 1
MOTO transactions
D
D
MOTO transactions
Credit card transactions
C
C
Credit card transactions
Card on file transactions
B
B
Card on file transactions
Recurring transactions
A
A
Recurring transactions
Some transactions fall in scope of PSD2 while some transactions do not. Which type(s) of transactions are excluded from the PSD2 requirement to perform SCA?
QUESTION 5
QUESTION 4
QUESTION 3
QUESTION 2
QUESTION 1
Payments less than 35 Euros
D
D
Payments less than 35 Euros
Payments less than 30 Euros
C
C
Payments less than 30 Euros
Payments less than 20 Euros
B
B
Payments less than 20 Euros
Payments less than 15 Euros
A
A
Payments less than 15 Euros
Due to lobbying efforts, the PSD2 exemption threshold for low value transactions was increased. What amount now qualifies for a low-value SCA exemption?
QUESTION 5
QUESTION 4
QUESTION 3
QUESTION 2
QUESTION 1
Card schemes
D
D
Card schemes
Merchants
C
C
Merchants
Acquirers
B
B
Acquirers
Issuers
A
A
Issuers
Who has the final say on whether an SCA exemption will be successful?
QUESTION 5
QUESTION 4
QUESTION 3
QUESTION 2
QUESTION 1
PSD2 is changing how payments are managed in the European market. Let’s find out how much you know about this directive and how we can help your business prepare for the changes it brings.
Are you prepared for PSD2?
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Let's begin
You're prepared!
You’re ahead of the game and have a good understanding of PSD2 so far.
Your next step is to talk to a payments expert about the changes you will need to make. Go ahead and request a call today.
You're on the right track
Your knowledge of PSD2 so far will help you navigate these regulatory changes smoothly. Of course, there’s always more to learn to keep your business protected. We’ve created additional information to help you become an expert.
Click here to check out our resources and let us know when you would like to discuss your next steps with one of our payments experts.
You will also want to talk to your Relationship Manager about the changes you need to make to get ready for PSD2.
ready for some light reading?
It sounds like the specifics of PSD2 might be new to you, but don’t worry.
We’ve created some information to help get you up to speed quickly.
Click here to check out our resources and let us know when you would like to discuss your next steps with one of our payments experts.
Your Relationship Manager can also walk you through the process and help you understand your next steps.
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10th March, 2021 for UK and 31st December 2020 for EEA
14th April, 2021 for UK and 30th September 2020 for EEA
14th October, 2020 for UK and 31st August 2020 for EEA
14th September, 2021 for UK and 31st December 2020 for EEA