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Well, the PSD2 opens the banking to third parties (basically OAuth, just for banks). So an approved payment initiation services (PIS) can do transactions on yo
by thesimon 4y ago
Well, the PSD2 opens the banking to third parties (basically OAuth, just for banks).
So an approved payment initiation services (PIS) can do transactions on your behalf. But you still want to have control over which transfers they actually send, so you want to make sure the confirmation code only works for a certain transaction.
- Nextgrid 4y agoI believe this would have to be implemented by the payment initiation service provider - as far as the bank is concerned, once you authorize the PIS provider the have full access and can initiate any transfers they want.