Payment Services Directive

The Payment Services Directive (PSD) is a European law designed to improve the regulation of payment services across Europe. It makes payments safer, promotes competition, and ensures consumers have clear information about fees and services. Under the PSD, consumers have rights concerning their transactions, such as protections against unauthorized payments and the ability to reclaim funds in certain situations. The directive aims to create a more integrated and efficient payment system, enabling consumers to make transactions easily and safely within the European Union.