Payment and account information services At the start of 2018 the revised Payment Service Directive, known as PSD2, took effect in the EU. Its provisions were transferred to Republic of Lithuania Law on Payments. Through PSD2, new players are introduced to the payment market, both payment initiation service providers, and account information service providers. Services can be provided by banks and other third party providers (TPPs) that have a licence from FSA. On 14 September 14 2019 new technical standards defining measures of practical implementation of PSD2 come into force, thus setting new security standards for how payments shall be processed.