--- 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 / Fraud trends ### Online Retail Fraud Trends 2026: New global report Refund abuse just outranked traditional forms of first-party abuse in terms of its negative impact on retailers – while 78% say fraud has stifled their growth to some extent. ![1669287463716 2023 12 07 164059 ybjd](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/196785/1669287463716_2023-12-07-164059_ybjd.webp)Nikoleta Dimitriou,Senior Content Manager](https://www.ravelin.com/blog/online-retail-fraud-trends-2026) [Blog / Fraud analytics ### Burner account detection requires continuous behavioral monitoring and network analysis Today we explore ecommerce burner accounts and why it's important for merchants to home in on and ban them before they do harm. ![Unnamed 3](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/265422/unnamed-3.webp)Nelda Biltauere,Senior Fraud and Payments Researcher](https://www.ravelin.com/blog/ecommerce-burner-account-fraud) [Blog / Refund abuse ### Refund abuse is too easy to do – and get away with – to leave unchecked Exclusive Ravelin data reveals the sheer extent of ecommerce refund abuse, including how harmful repeat refund abusers are and the measures to stop them. ![1669287463716 2023 12 07 164059 ybjd](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/196785/1669287463716_2023-12-07-164059_ybjd.webp)Nikoleta Dimitriou,Senior Content Manager](https://www.ravelin.com/blog/ecommerce-refund-abuse-is-easy)