The Payment Services Directive 2 (PSD2) is the revised version of it’s predecessor, with intentions of making electronic payments more secure and establishing a platform for an effective and integrated payment service. It introduces enhanced security measures to be implemented by all payment service providers by January 2018. PSD2 mandates the use of at least two factors for customer authentication, for enhanced security of transactions while enforcing payment service providers to open consumer data via secured open APIs.
The WSO2 Identity and Access Management (IAM) and WSO2 API Management platforms can cater to all the above requirements. WSO2 Identity Server provides support for multi-factor authentication including SMSOTP, FIDO and DUO and bears the extendability to support any other mechanism. WSO2 API Manager provides comprehensive support for API management including securing APIs, monitoring, and throttling. In this webinar, we will discuss and demonstrate how WSO2 can help you with PSD2.
This webinar will discuss -
- Introduction to PSD2
- Introduction to WSO2 Identity Server - Authentication framework
- How to configure multi-factor authentication in WSO2 Identity Server
- How to secure an API in WSO2 API Manager
- Demonstration of a sample flow that involves data retrieval from a secured API, multi-factor authentication of users and monitoring capabilities