Cybersecurity Changes in the Payment Services

Abstract

In our paper, we are analyzing the European Union’s Payment Services Directive 2 (PSD2), which will probably change the payment sector shortly. We investigated its predecessors, background and its probable impact on the information security of payment services. We examined the main topics discussed in the directive, including the human factor as a weak element of the security.
We are comparing the PSD2 with the information security requirements of the Payment Card Industry Data Security Standard (PCI DSS), which is the current regulation defining the rules of credit card payment.
Supported by the ÚNKP-17-4-III-NKE-26 New National Excellence Program of the Ministry of Human Capacities.