The European Commission proposed replacing PSD2 in June 2023, split into a directive and a regulation.
What happened
- The article states that Parliament and Council reached provisional political agreement in November 2025.
- The article states that Verification of Payee becomes mandatory for all credit transfers, free to consumers.
- The article states that refund rights expand to cover impersonation fraud, subject to conditions including prompt notification and a police report.
Why it matters to Signicat
- Expanded refund rights and Verification of Payee raise the value of verified onboarding identity data for banks and payment providers in Signicat's core markets.
- The article frames pre-payment behavioral risk assessment as favoring persistent verification over document checks at signup, a direction relevant to Signicat's authentication and risk screening lines.
Evidence from the source (5 quotes)
- “November 2025. Parliament and Council reach provisional political agreement.” source ↗
- “Verification of Payee becomes mandatory for all credit transfers, free of charge to consumers, extending an obligation that already applies to euro instant transfers.” source ↗
- “Customers losing money to impersonation fraud, where a fraudster poses as bank staff, can reclaim funds from their provider subject to conditions including prompt notification and a police report.” source ↗
- “Name matching at scale also exposes weakness in identity data captured at onboarding, since a mismatch only means something if the name on file was verified properly to begin with.” source ↗
- “demand moves from document checking toward continuous risk assessment” source ↗
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4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5