PSD3 Explained: Payments Security & Fraud

PSD3 is reshaping payments security, moving beyond PSD2’s access model to address fraud, scams and trust abuse. This episode explains why strong authentication is no longer enough, how APIs become critical to trust, and what banks and fintechs must change to stay secure, compliant and resilient.

In this episode, we answer to:

What makes PSD3 fundamentally different from PSD2 in payments security?

Is strong customer authentication enough to stop modern fraud?

How do APIs influence trust, performance and security under PSD3?

Resources Mentioned in this Episode:

Stripe website, article "What platforms and marketplaces can expect from PSD3", link https://stripe.com/guides/what-platforms-and-marketplaces-can-expect-from-psd3

Trustbuilder website, article "From PSD2 to PSD3: What’s Changing in the Future of Payments in Europe", link https://www.trustbuilder.com/en/psd2-psd3-directive-future-payments-europe/

Deloitte website, article "Shedding light on PSD3/PSR", link https://www.deloitte.com/lu/en/Industries/banking-capital-markets/perspectives/shedding-light-on-psd3-psr.html

Schoenherr website, article "The EU's new Payments Services Package", link https://www.schoenherr.eu/content/the-eu-s-new-payments-services-package

European Payments Council, article "What do the PSD3 and PSR mean for the payments sector", link https://www.europeanpaymentscouncil.eu/news-insights/insight/what-do-psd3-and-psr-mean-payments-sector

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Credits:

Sound engineering by Alan Southgate - http://alsouthgate.co.uk/

Graphics by Yulia Kolodyazhnaya