The EU’s Payment Services Directive 2, or PSD2, enters into force in stages. It will enter into force in its entirety on 14 September 2019. Soon everyone needs to log into services related to payments or viewing account details with a method that meets the criteria for strong authentication. The purpose of the legislative amendment is to guarantee the safety of the customer, customer details and payments.
The Mobile key – a secure and easy way to authenticate yourself
The Mobile key is an electronic authentication method on OP-mobile and OP Business mobile that already complies with the new requirements concerning strong authentication. When doing transactions on these mobile apps, you will then only need to remember a single PIN – created by yourself and known only to you – instead of a username, password and key code list. With the Mobile key, you can log in and confirm payments and other transactions in the app. In addition, the Mobile key enables you to use fingerprint or face login.
Our goal is that you’ll be able to use the Mobile key for authentication and payment confirmation also at op.fi towards the year end. As of September 2019, the Mobile key will be gradually introduced as a confirmation tool for online card purchases. Later, the use of the Mobile key will also be extended to other services, such as MyTax and Kela.