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Rechtsanwalt Marian Härtel - ITMediaLaw

BaFin continues to postpone PSD2

7. November 2022
in Online retail, Other
Reading Time: 1 min read
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BaFin will not object if payment service providers based in Germany execute card payments on the Internet until December 31, 2020, even without strong customer authentication as required under PSD2.

The background to this is the opinion issued by the EuropeanBanking Authority ( EBA) on October 16, in which it recommends this deadline to national supervisory authorities. In addition, the EBA sets milestones for the payment service providers involved and defines data to be reported, which the supervisor can use to monitor progress until all relevant PSD2 requirements are fully implemented. BaFin also incorporates these milestones into its supervisory practice.

On August 21, 2019, BaFin had already informed about the facilitation of customer authentication, but had not yet specified a deadline. The facilitations also apply to online payments with debit cards or prepaid cards. Card-issuing payment service providers that already offer their card customers a PSD2-compliant authentication method should not switch it off again.

 

Marian Härtel
Author: Marian Härtel

Marian Härtel ist Rechtsanwalt und Fachanwalt für IT-Recht mit einer über 25-jährigen Erfahrung als Unternehmer und Berater in den Bereichen Games, E-Sport, Blockchain, SaaS und Künstliche Intelligenz. Seine Beratungsschwerpunkte umfassen neben dem IT-Recht insbesondere das Urheberrecht, Medienrecht sowie Wettbewerbsrecht. Er betreut schwerpunktmäßig Start-ups, Agenturen und Influencer, die er in strategischen Fragen, komplexen Vertragsangelegenheiten sowie bei Investitionsprojekten begleitet. Dabei zeichnet sich seine Beratung durch einen interdisziplinären Ansatz aus, der juristische Expertise und langjährige unternehmerische Erfahrung miteinander verbindet. Ziel seiner Tätigkeit ist stets, Mandanten praxisorientierte Lösungen anzubieten und rechtlich fundierte Unterstützung bei der Umsetzung innovativer Geschäftsmodelle zu gewährleisten.

Tags: AuthenticationBankinternetKI

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  • Informationen
    • Ideal partner
    • About lawyer Marian Härtel
    • Quick and flexible access
    • Principles as a lawyer
    • Why a lawyer and business consultant?
    • Focus areas of attorney Marian Härtel
      • Focus on start-ups
      • Investment advice
      • Corporate law
      • Cryptocurrencies, Blockchain and Games
      • AI and SaaS
      • Streamers and influencers
      • Games and esports law
      • IT/IP Law
      • Law firm for GMBH,UG, GbR
      • Law firm for IT/IP and media law
    • The everyday life of an IT lawyer
    • How can I help clients?
    • Testimonials
    • Team: Saskia Härtel – WHO AM I?
    • Agile and lean law firm
    • Price overview
    • Various information
      • Terms
      • Privacy policy
      • Imprint
  • Services
    • Support and advice of agencies
    • Contract review and preparation
    • Games law consulting
    • Consulting for influencers and streamers
    • Advice in e-commerce
    • DLT and Blockchain consulting
    • Legal advice in corporate law: from incorporation to structuring
    • Legal compliance and expert opinions
    • Outsourcing – for companies or law firms
    • Booking as speaker
  • News
    • Gloss / Opinion
    • Law on the Internet
    • Online retail
    • Law and computer games
    • Law and Esport
    • Blockchain and web law
    • Data protection Law
    • Copyright
    • Labour law
    • Competition law
    • Corporate
    • EU law
    • Law on the protection of minors
    • Tax
    • Other
    • Internally
  • Podcast
    • ITMediaLaw Podcast
  • Knowledge base
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    • Forms of financing
    • Legal means
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    • Company forms
    • Tax
    • Concepts
  • Videos
    • Information videos – about Marian Härtel
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    • Blogpost – individual videos
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