API Access To SEPA Proves Flashpoint For Open Banking Concerns

Payments firms have called on European-level authorities to learn lessons from the struggles around national-level open banking initiatives as they look to expand the regime into a pan-European payment scheme.

The Euro Retail Payments Board announced earlier this month that work had been suspended on letting authorised third parties gain access to the Single Euro Payments Area (SEPA) payment system via application programming interfaces, or APIs.

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