The Financial Market Supervision in Austria (FMA) has issued a temporary extension for PSD2 interfaces, to ensure a seamless functioning of payment transactions.
After the PSD2 deadline on 14 September, third-party payment providers, particularly payment initiation service providers (PISPs) and account information service providers (AISPs) will no longer be able to access customer interfaces through screen scraping. Instead, they will only be allowed access through interfaces which conform to PSD2.
There are two options for third-party providers. These are that either the bank provides a separate, dedicated interface for third-party providers (TPPs) or it continues to permit access to the customer through a PSD2 compliant manner.
If a dedicated interface is created, a contingency mechanism needs to ensure third-party providers are able to access the normal customer interface in the event the dedicated interface is not working.
Banks are now able to apply for an exemption from having to make this contingency mechanism available. The FMA will make decisions on such applications.
This ruling came from the FMA after an evaluation of the applications as well as receiving complaints from TPPs regarding deficiencies in the implementation of such dedicated interfaces.
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