PSD2 Compliance vs PCI DSS
Developers should learn about PSD2 compliance when building financial technology applications, such as payment gateways, budgeting tools, or account aggregation services, that interact with European banks meets developers should learn pci dss when building or maintaining applications that handle payment card data, such as e-commerce platforms, payment gateways, or financial systems, to ensure compliance and avoid legal penalties, fines, or data breaches. Here's our take.
PSD2 Compliance
Developers should learn about PSD2 compliance when building financial technology applications, such as payment gateways, budgeting tools, or account aggregation services, that interact with European banks
PSD2 Compliance
Nice PickDevelopers should learn about PSD2 compliance when building financial technology applications, such as payment gateways, budgeting tools, or account aggregation services, that interact with European banks
Pros
- +It is essential for ensuring legal adherence, enhancing security with features like two-factor authentication, and leveraging open banking opportunities to create innovative customer-facing solutions
- +Related to: open-banking, api-security
Cons
- -Specific tradeoffs depend on your use case
PCI DSS
Developers should learn PCI DSS when building or maintaining applications that handle payment card data, such as e-commerce platforms, payment gateways, or financial systems, to ensure compliance and avoid legal penalties, fines, or data breaches
Pros
- +It is essential for roles in fintech, banking, retail, or any industry processing card payments, as non-compliance can lead to loss of customer trust and significant financial liabilities
- +Related to: data-security, compliance-management
Cons
- -Specific tradeoffs depend on your use case
The Verdict
Use PSD2 Compliance if: You want it is essential for ensuring legal adherence, enhancing security with features like two-factor authentication, and leveraging open banking opportunities to create innovative customer-facing solutions and can live with specific tradeoffs depend on your use case.
Use PCI DSS if: You prioritize it is essential for roles in fintech, banking, retail, or any industry processing card payments, as non-compliance can lead to loss of customer trust and significant financial liabilities over what PSD2 Compliance offers.
Developers should learn about PSD2 compliance when building financial technology applications, such as payment gateways, budgeting tools, or account aggregation services, that interact with European banks
Disagree with our pick? nice@nicepick.dev