The time for the binding implementation of PSD2 expires. The final Regulatory Technical Standards (RTS) for strong customer authentication set a deadline for banks, savings banks and payment services to deploy a ready-to-use interface by March 14, 2019. They have to provide third-party providers (TPP) with a test environment (Sandbox) and the associated technical documentation of the interface.
The introduction of interfaces PSD2 offers a wealth of new opportunities for new and existing market participants. Strong customer authentication, like two-factor authentication, is essential to the success of any implementation and ensures that customer and payment data cannot be misused by criminals.
We have the “APIIDA PSD2 Solution Pack” product, which supports PSD2 implementations with a modern and maintainable solution. The organizations will be always up to date: Cause we are oriented by the latest version of the NextGenPSD2 XS2A framework of the Berlin Group. The APIIDA PSD2 Solution Pack creates a modern, open and harmonized API set with the industry-leading Broadcom Layer7 API Management platform (once CA API Management).
Banks, savings banks and payment services can make the necessary preparations to provide a test environment with our APIIDA PSD2 Solution Pack quickly. In addition the implementation costs are reduced and the security of the interfaces are strengthened.