EBA Clarifies First Set of Issues Raised by Working Group on APIs under PSD2

On March 11, 2019, the European Banking Authority (EBA) published clarifications to the first set of issues that had been raised and discussed by participants of its working group on application programming interfaces (APIs) under the revised Payment Services Directive (PSD2).

The EBA has clarified issues related to the practical aspects of reliability of testing platforms, the alignment of functionalities between API schemes and the identification for testing purposes of entities that have not yet been authorised.

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