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API, Daily news, Mobile Banking, Open Banking, Payment Initiation Services, PSD2, PSD2 deadline, Regulation, sandbox, third-party service providers, TPPs -

One of the two biggest PSD2 deadlines mandated has been and gone without without anybody really raising an eyebrow. More importantly, March 14 passed without the compliance of 41% of... more

The post Why so many banks missed PSD2 deadline and what are the consequences appeared first on Payments Cards & Mobile.

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access to accounts, API, banking-as-a-service, Daily News, ISO20022 standards, Issuing & Acquiring, NextGenPSD2, Open Banking, Payment Services Directive, PSD2, Regulation, Third Party Providers, TPPs, XS2A -

The Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). Version 1.0 integrates extensive public market consultation feedback and is based on the European Commission adopted European Banking Authority (EBA) Regulatory Technical Standards [...]

The post Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework appeared first on Payments Cards & Mobile.

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Account Servicing Payment Service Providers, ASPSP, ASPSPs, Daily News, E-Money, EBA RTS, Euro Retail Payments Board, FinTech, Identity, Issuing & Acquiring, Mobile Banking, Mobile Payments, Payment Initiation Services, Payment Initiation Services providers, Payment Services Directive, PISP, PSD2, Regulation, Third Party Payment Service Providers, TPPs -

The revised Payment Services Directive (PSD2) was adopted with payment innovation and safety to the fore. One of its purposes is to regulate at the European Union (EU) level practices and players currently unregulated in the EU. Among other things, PSD2 regulates the role of Payment Initiation Services (PIS) providers (PISPs). PISPs facilitate the use of online banking to [...]

The post Creating an integrated European market for Payment Initiation Services appeared first on Payments Cards & Mobile.

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API, ASPSP, Daily News, E-Money, FinTech, Fraud & Security, Identity, Issuing & Acquiring, PIS, PSD2, Risk & Compliance, screen scraping, Secure Authenticated Direct Acces, TPPs -

A group of influential European FinTech companies have come together as 56 companies and associations operating across all EU Member States and at a global level in the financial services space in a bid to reform the PSD2 implementation. The companies, in a Manifesto of objection, say they welcome the adoption of the amended Payment Services Directive [...]

The post Could PSD2 implementation accidentally ruin the European FinTech market? appeared first on Payments Cards & Mobile.

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