Payment Services Directive 2

What is the Payment Services Directive 2 (PSD2) ?

The Payment Service Directive 2 is an extension of an EU directive of 2007, which defines the legal framework for the European payment area.  In this n...

What are third party payment service providers?

A "third party payment service provider" is a non-bank that provides payment initiation & account information services. A third-party serv...

What is a payment processor?

If you make an online payment, you can use a payment processor offered on the seller's website to process the payment.  This service provider will ...

What is an account information service provider?

Provided you have given your consent, account information service providers can retrieve account information from the past 90 days, such as turnover and bal...

Do I need to give third-party service providers access to my account?

No, you do not have to give third parties access to your account.  The PSD2 policy only gives you the right to use the services of a new provider who n...

How does a third party service provider obtain data and information about my account?

Solarisbank AG has set up an API interface for certified third party service providers.  This interface allows service providers to retrieve informatio...

How does the PSD2 directive protect my privacy?

Payment Services Directive 2 (PSD2) imposes several requirements on payment initiation and account information service providers to protect your privacy.  ...