{"id":9065,"date":"2021-02-12T10:52:41","date_gmt":"2021-02-12T10:52:41","guid":{"rendered":"https:\/\/bitsacard.com\/blog\/what-is-psd2-bitsa-adapts-to-new-european-commission-directives\/"},"modified":"2021-02-12T15:43:45","modified_gmt":"2021-02-12T15:43:45","slug":"what-is-psd2-2","status":"publish","type":"post","link":"https:\/\/bitsacard.com\/blog\/en\/what-is-psd2-2","title":{"rendered":"What is PSD2? Bitsa adapts to new European Commission directives"},"content":{"rendered":"\t\t
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Bitsa adapts to the new PSD2 legislation promoted by the European Commission. This will provide a new level of protection for <\/span>to strengthen the security of all your transactions<\/b> and prevent fraud, theft or loss of credentials in non-attendance payment transactions.<\/b>
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\n<\/span>In the midst of a record boom in trade history due to the COVID-19 pandemic, a regulatory change is approaching that will change the process of non-attendance purchases. Although these directives were adopted by the European Commission in 2015, <\/span>entered into force in Spain in 2021.<\/b>
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What are the benefits of the PSD2 Directive?<\/b><\/h2>\n


\n<\/b>The purpose of this new regulation is to make the process of buying and selling via the Internet much safer, something that will benefit all the actors of the transaction.<\/span>
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\n<\/span>The fear of being cheated is one of the main entry barriers that still affects e-commerce and keeps many people away from this type of operations. For this, <\/span>This enhanced security of transactions is expected not only to help protect buyers, but could also result in increased sales for merchants.<\/b>
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What will be the changes for users?<\/b><\/h2>\n


\n<\/span>Perhaps the most important news for users starting this year is the double authentication process. What is it? <\/span>
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\n<\/span>Authentication processes are used <\/span>to verify that a customer is really the person he says he is<\/b>. Double authentication or enhanced authentication requires the payment service to use at least two separate data, known as authentication factors. These factors <\/span>can be of 3 types<\/b>:<\/span><\/p>\n