Under the Payment Services Directive (EU) 2015/2366 (“PSD2”), an Account Servicing Payment Service Provider (“ASPSP”) must grant a Third Party Providers (“TPP”) direct access to certain payment accounts of the... more
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The Open Banking Implementation Entity (OBIE) has announce the publication of the Open Banking Standards, version 3. This update builds significantly on the version of the Standards that launched in... more
The post Open Banking publishes Open Banking Standards version 3.0 appeared first on Payments Cards & Mobile.
There are four things that should now be crystal clear to everyone involved in Open Banking. Open Banking has arrived. It was the #1 topic at Money 20/20 Europe. Open... more
Worldline has obtained two new licenses, linked to the PSD2, from the National Bank of Belgium enabling the company to become a Payment Initiation Service Provider (PISP) and an Account... more
The post Worldline obtains its “pan-European” Third Party Provider (TPP) license appeared first on Payments Cards & Mobile.
The purpose of PSD2 is enabling third parties creating new Financial Services through open APIs to customers’ bank accounts. Such systems already exist but currently rely of questionable methods typically requiring consumers giving their login credentials to third parties, which in turn through “screen-scraping”, effectively impersonate their clients to their on-line banks. One of the objectives with PSD2 is [...]