National Competent Authorities (NCAs) – the national bodies responsible for overseeing PSD2 in EU member states should be flexible around the implementation deadline for PSD2 in a bid to avoid an Open... more
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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.
PRETA says that over 40 major European financial institutions and service providers have signed up to fund and complete PRETA’s pan-European PSD2 Open Banking access directory. With the delivery of... more
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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 [...]
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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.