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PSD2 directive
PSD2 Directive
More peace of mind, more security
PSD2: The new EU payment directive ensures enhanced security when you carry out transactions with your accounts, make internet payments, shop online or use financial data aggregration services.


SCA (Strong Customer Authentication)
Two-factor authentication: the new verification system requires the combined use of two authentication mechanisms for online transactions with your account and cards as well as all internet payments.
PSD2 documents
The Payment Services Directive (PSD2) is a European directive with the main goal of facilitating and improving the security of online payment systems, reinforcing customer protection against fraud and promoting innovation in payment services through smartphones and the internet. In Spain, it has been incorporated partially into the legal system by Royal Decree-Law 19/2018.Current legislation
- Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market.
- Royal Decree-Law 19/2018, of 23 November on payment services and other urgent financial measures.
- Royal Decree 736/2019 of 20 December on the legal regime for payment services and payment institutions and amending Royal Decree 778/2012 of 4 May on the legal regime for electronic money institutions and Royal Decree 84/2015 of 13 February implementing Law 10/2014 of 26 June on the regulation, supervision and solvency of credit institutions.
- Order ECE/1263/2019 of 26 December on transparency of conditions and information requirements for payment services and amending Order ECO /734/2004 of 11 March on customer service departments and services and the customer ombudsman of financial institutions, and Order EHA/2899/2011 of 28 October on transparency and customer protection in banking services.
- Banco de España Circular 5/2012 of 27 June for credit institutions and payment service providers on transparency of banking services and responsible lending.
- Regulation (EU) 2019/518 of the European Parliament and of the Council of 19 March 2019 amending Regulation (EC) No 924/2009 as regards certain charges for cross-border payments within the Union and currency conversion charges.
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