On April 1, 2019, the European Banking Authority (EBA) published clarifications to the second set of issues 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.
Issues have been clarified in relation to the following:
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial