PSD2 vs PCI DSS
Developers should learn PSD2 when building or integrating financial applications, such as fintech platforms, banking apps, or payment gateways, to ensure compliance with EU regulations and leverage open banking opportunities 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
Developers should learn PSD2 when building or integrating financial applications, such as fintech platforms, banking apps, or payment gateways, to ensure compliance with EU regulations and leverage open banking opportunities
PSD2
Nice PickDevelopers should learn PSD2 when building or integrating financial applications, such as fintech platforms, banking apps, or payment gateways, to ensure compliance with EU regulations and leverage open banking opportunities
Pros
- +It is crucial for implementing secure authentication flows, accessing bank APIs for account information or payment services, and developing innovative financial products that rely on real-time data sharing
- +Related to: open-banking, api-integration
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 if: You want it is crucial for implementing secure authentication flows, accessing bank apis for account information or payment services, and developing innovative financial products that rely on real-time data sharing 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 offers.
Developers should learn PSD2 when building or integrating financial applications, such as fintech platforms, banking apps, or payment gateways, to ensure compliance with EU regulations and leverage open banking opportunities
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