PSD3/PSR Compliance Payment Services Directive and Regulation 3
Navigate the evolving payment security requirements. We provide specialized guidance for payment service providers to meet the operational resilience, open banking, and fraud prevention mandates of PSD3 and PSR.
Understanding PSD3/PSR
PSD3 and PSR represent the EU's next-generation payment services framework, building upon PSD2 with stricter security, operational resilience, and consumer protection requirements.
The new framework introduces more rigorous ICT risk management, enhanced Strong Customer Authentication (SCA), expanded open banking obligations, and improved fraud prevention measures.
Payment service providers must demonstrate robust operational resilience aligned with DORA, implement comprehensive fraud detection systems, and ensure secure API access for third-party providers.
Key Requirements
ICT Risk Management
Operational resilience aligned with DORA requirements
Enhanced SCA
Improved strong customer authentication mechanisms
Open Banking APIs
Secure third-party access and data sharing
Fraud Detection
Real-time transaction monitoring and prevention
Incident Reporting
Notification of major incidents to supervisory authorities
Consumer Protection
Enhanced liability and disclosure frameworks
Common PSD3/PSR Challenges
Payment service providers face complex technical and operational requirements.
API Security
Implementing high-performance, secure APIs for third-party access while maintaining strict authentication and authorization controls remains a challenge.
Fraud Prevention
Developing real-time fraud detection and prevention capabilities that balance security with user experience and transaction speed.
Operational Resilience
Meeting operational resilience requirements aligned with DORA, including testing, third-party risk management, and incident response.
Our PSD3/PSR Compliance Services
Specialized support for payment service providers across all PSD3/PSR domains.
PSD3/PSR Gap Assessment
Thorough analysis of your payment services against PSD3/PSR requirements, identifying compliance gaps and prioritizing remediation efforts.
- SCA implementation assessment
- Open banking readiness evaluation
- Operational resilience gap analysis
Policy and Procedure Development
Creation of PSD3/PSR-compliant policies, procedures, and documentation tailored to your payment services and regulatory requirements.
- Strong authentication policies
- Fraud prevention procedures
- Payment security incident response plans
Regulatory Advisory Services
Expert advisory services to navigate PSD3/PSR regulatory requirements and maintain continuous compliance with evolving European payment mandates.
- PSD3/PSR regulatory interpretation
- Liaison with competent authorities
- Regulatory change impact assessments
Technical Implementation
Design and deployment of technical controls to support PSD3/PSR compliance, including SCA, API security, and fraud detection systems.
- Strong authentication implementation
- Open banking API security
- Real-time fraud monitoring systems
Training and Awareness
Customized training programs to foster payment security awareness and ensure personnel understand their compliance responsibilities.
- Payment security training modules
- Fraud awareness programs
- Executive PSD3/PSR briefings
Continuous Compliance Management
Monitoring and continuous improvement services to maintain PSD3/PSR compliance as regulations evolve and your services expand.
- Periodic PSD3/PSR compliance audits
- Monitoring payment regulation changes
- Third-party service provider reviews
Why Choose SPSec for PSD3/PSR Compliance
Payment System Specialists
Proven track record with PSPs and payment institutions
API Security
Experts in secure open banking implementations
DORA Alignment
Integrated approach with digital operational resilience
Proprietary Methodology
Structured and proven framework for PSD compliance