PISP API (PSD2)
Associated Product
Challenge
How to facilitate the payment initiation for your customers?
Are you a payment service provider with the required approvals and do you want your customers to have a simple and secure way to initiate different types of transfers?
Solution
Open Banking (PISP) at the service of your customers
The European directive 2015/2366 concerning payment services in the internal market, called the PSD2, as well as its delegated regulation 2018/389 have brought many changes, therefore that of coming to secure and regulate the exchange of certain data between payment service providers and introduce the concept of strong authentication in order to reduce the risk of fraud.
From now on, payment service providers referred to as PISP (Payment Initiation Service Provider) can give their customers the opportunity with their consent:
To initiate transfers in Euro € whether they are classic unitary SCT Core (immediate / permanent / deferred) whether they are an immediate SCT Core multiple of a B2B debtor account (professional or company) whether they are instant SEPA Instant Payment
Retrieve the status of a transfer initiation
Confirm or cancel a payment initiation
Exchanges' supervision
The opening of banking data is secured and regulated.
Customer protection
Thanks to strong authentication with at least two factors.
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