Regulatory Technical Standards (RTS) are a set of rules and guidelines established by the European Banking Authority (EBA) to ensure that banks and other financial institutions comply with the rules set out in the Second Payment Services Directive (PSD2).
Definition:
Regulatory Technical Standards (RTS)
Regulatory Technical Standards (RTS) are a set of rules and guidelines established by the European Banking Authority (EBA) to ensure that banks and other financial institutions comply with the rules set out in the Second Payment Services Directive (PSD2). These rules and regulations relate to the security of online payments, the authentication of customers, and the sharing of customer data between banks and third-party providers. The aim of the RTS is to protect customers and ensure that transactions are secure, efficient and consistent across the European Union.
