Phase two of Europe’s Second Payment Services Directive (PSD2) comes into force on September 14, imposing new verification requirements for any payments made online of £30 or more.

This is a European wide initiative not specific to travel businesses so it affects the entire market. PSD2 will provide consumers with greater security and purchasing confidence online, whilst also giving businesses greater protection against fraudulent activity and we welcome the new regulation.

Related: Europe’s Second Payment Services Directive