--- title: What does PSD2 mean for fraud prevention? date: 2018-01-25T13:58:00+00:00 author: Alara Basul canonical_url: "https://www.ravelin.com/podcast/psd2-fraud-prevention" section: Podcast --- Podcast / 3DS & SCA Episode 14 25 January 2018 # What does PSD2 mean for fraud prevention? In this podcast we were joined by David Birch from Consult Hyperion to discuss the impact of PSD2, open banking and what legislation means for fraud. ![What does PSD2 mean for fraud prevention?](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_2090xAUTO_fit_center-center_none_ns/138589/IMG_8875.webp)We were lucky enough to have David Birch from [Consult Hyperion](http://www.chyp.com/) join us in the Ravelin offices to talk about payments and PSD2. Birch is much more than someone banks turn to in need: he’s an author, advisor and regular commentator in the fintech industry. When he’s not running Consult Hyperion, a consultancy business he founded in 1986, he can be found speaking at industry events or moderating panel talks with fintech power players. Birch was recently named as one of the top ten most influential voices in banking by the Financial Brand. In this podcast, we discuss the impact of PSD2 and open banking, what the legislation means for fraud, and how fintechs can make the most of PSD2. Birch emphasises the importance of PSD2 for the payments merchant ecosystem, discussing the new threats, opportunities and players emerging in the open banking world. [**Learn more about PSD2 and SCA here.**](https://www.ravelin.com/insights/ultimate-guide-psd2-strong-customer-authentication) ![Afk Bu I 400X400](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_122x122_crop_center-center_none_ns/851/afk_Bu-i_400x400.webp)Alara BasulRavelin alumna More from Alara Basul - [Infographic: The growing cost of fraud in 2018](https://www.ravelin.com/blog/infographic-fraud-in-2018) - [Meet Tim Whelan, Ravelin’s VP of Engineering](https://www.ravelin.com/blog/meet-tim-whelan-ravelins-vp-of-engineering) - [National Cybersecurity month: Raising awareness of fraud in payments](https://www.ravelin.com/blog/cyber-security-month-fraud-awareness) ## Related content [Blog / Payments & payment fraud ### Card payment liability shift – everything you need to know to reduce chargeback burden The knowledge you need to make the most of liability shifts and reap the benefits for your company – including saving money on chargebacks. ![Freddie burgess](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/281707/freddie-burgess.webp)Freddie Burgess,Senior Product Support Analyst](https://www.ravelin.com/blog/card-payment-liability-shift-for-chargebacks) [Blog / Fraud analytics ### Refund abuse KPIs: How to measure and reduce refund fraud rates What you need to know to assess and quantify refund abuse – as well as to measure whether your refund abuse solution and strategy are delivering results. ![Can](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/280078/can.webp)Can Colak,Senior Product Manager](https://www.ravelin.com/blog/how-to-measure-refund-abuse-kpis) [Blog / Press release ### Driven by AI, customers now rival criminals for ecommerce fraud, say merchants Global ecommerce fraud enters a new phase as losses continue to climb. Merchants now view criminals and their own customers as presenting a comparable risk, and there's a gap in AI adoption. ![Ravelin Symbol Blue 1](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/187712/Ravelin-Symbol-Blue-1.webp)Ravelin Technology](https://www.ravelin.com/blog/ravelin-fraud-survey-2026-press-release)