1. High Value (RTGS) Payments User Guide
  2. RTGS Processing
  3. RTGS Inbound Transaction
  4. PSD2 Compliance

PSD2 Compliance

This is applicable for both Cross Border and RTGS.
  • System does the PSD2 compliance checks if PSD is applicable for the Host and the source. The below are the different scenarios handled in PSD2 check.
    • Intra EU/EEA (BOTH LEGS IN) – Both Sending and Receiving Payment Service Providers (PSPs) are in EU or EEA countries.
    • ONE LEG OUT (Outgoing) – The Sending PSP is in EU/EEA country but the Receiving PSP is outside of EU/EEA regions
    • ONE LEG OUT (Incoming) – The Sending PSP is outside EU/EEA but the Receiving PSP (this bank) is within EU/EEA regions
  • For each of the above listed scenarios there can be 4 different cases based on the payment currency and FX requirement:
    • Intra EU/EEA in EU/EEA currencies – no FX
    • Intra EU/EEA in EU/EEA currencies – with FX
    • Intra EU/EEA in non-EU/EEA currencies – no FX
    • Intra EU/EEA in non-EU/EEA currencies – with FX

For more details on the PSD2 Compliance, refer to Cross Border User Guide.

Parent topic: RTGS Inbound Transaction