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Account Servicing Payment Service Provider, ASPSP, ASPSPs, Daily news, Issuing & Acquiring, Open Banking, Payment Initiation Service Provider, PISP, PISP's, PSD2, PSR2017, Regulation, TPP -

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

The post PSD2 allocation of liabilities: Customers Vs ASPSPs Vs PISPs appeared first on Payments Cards & Mobile.

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(OBIE, Account Servicing Payment Services Providers, API, ASPSP, Daily News, E-Money, FinTech, Issuing & Acquiring, Mobile Payments, Mobile Wallet, Open Banking, Open Banking Implementation Entity, Open Banking standards, PISP, PSD2 -

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.

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AISP, API, Daily news, Issuing & Acquiring, Open Banking, Open Banking standards, PISP, PSD2, Regulation -

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

The post Is it time for a serious Open Banking standard? appeared first on Payments Cards & Mobile.

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AISP, API, Daily News, E-Money, FinTech, Issuing & Acquiring, Open Banking, PISP, Products, PSD2, Worldline -

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.

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Daily News, E-Money, Identity, Instant Payments, Issuing & Acquiring, Mobile Remittance, Open Banking, PISP, PISP's, PSD2, PSD2 for payments, Saturn -

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 [...]

The post What is the purpose of PSD2 for payments? appeared first on Payments Cards & Mobile.

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