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Steennot, 2018 - Google Patents

Reduced payer's liability for unauthorized payment transactions under the second Payment Services Directive (PSD2)

Steennot, 2018

Document ID
14724577592521047936
Author
Steennot R
Publication year
Publication venue
Computer Law & Security Review

External Links

Snippet

In 2015, the European legislator enacted the second Payment Services Directive, which, among other things, determines the payer's liability for unauthorized payment transactions. This paper will show that PSD2 has widened its scope and further reduces the payer's …
Continue reading at www.sciencedirect.com (other versions)

Classifications

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    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401Transaction verification
    • G06Q20/4016Transaction verification involving fraud or risk level assessment in transaction processing
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    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
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    • G06Q20/401Transaction verification
    • G06Q20/4018Transaction verification using the card verification value [CVV] associated with the card
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    • G06Q20/00Payment architectures, schemes or protocols
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    • G06Q20/00Payment architectures, schemes or protocols
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    • G06Q20/00Payment architectures, schemes or protocols
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    • G06Q20/00Payment architectures, schemes or protocols
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    • G06Q20/34Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
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    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/02Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
    • GPHYSICS
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    • G06Q20/00Payment architectures, schemes or protocols
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    • G06Q20/00Payment architectures, schemes or protocols
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    • G06Q20/32Payment architectures, schemes or protocols characterised by the use of specific devices using wireless devices
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    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
    • GPHYSICS
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    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/04Payment circuits
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06FELECTRICAL DIGITAL DATA PROCESSING
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    • G06Q30/00Commerce, e.g. shopping or e-commerce
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    • GPHYSICS
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    • G06F21/71Protecting specific internal or peripheral components, in which the protection of a component leads to protection of the entire computer to assure secure computing or processing of information
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    • G07F7/08Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means

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