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What is App2App Authentication? App2App is a financial-grade design pattern where a mobile app can authenticate users via a separate high-security mobile app. This provides an out-of-the-box Strong Customer Authentication (SCA) solution.

PSD2 strong customer authentication (SCA) regulation One of the main goals of PSD2 is to enhance consumer protection and reduce fraud. To achieve this goal, PSD2 enforced strong customer authentication (SCA) implementation. SCA aims to improve security without compromising the customer experience.

What is PSD2? The revised Payment Services Directive 2 (PSD2) aims to better align payment regulation with the market and technology's current state. It introduces security requirements for initiating and processing electronic payments and protecting consumers' financial data.

PSD2-compliance checklist Set up a Consumer Identity and Access Management (IAM or CIAM) solution. Strong Customer Authentication (multi-factor and continuous authentication) Create APIs to access transactional payment data that support: Fine-grained access control. Real-time access. Provide Access to Account (XS2A)

As defined by OBIE/PSD2 , an app-to-app redirect allows the TPP to redirect a PSU from the TPP application (in a mobile web browser or mobile app) to the bank's (ASPSP) mobile app, when the latter is installed on the PSU's device.

PSD2 will contribute to a variety of changes in the payments industry, including open banking, creating an integrated payments ecosystem, increasing competition with the emergence of fintechs and new entrants, and enhanced security and fraud prevention.

Increased security A large part of the innovation factor around PSD2 is the two-factor authentication around payments. This requires two out of the following multi-factor authentication methods: Knowledge: such as a password, or account retrieval questions. Possession: such as a passcode to your phone.