What is PSD2 Open Banking?

New EU regulation PSD2 (Payment Service Directive 2) brings you the opportunity to come up with the new software solutions, which gives additional value to your and our customers. After fullfilling the regulatory requirements and obtaining licence to provide payment services from your national regulator, you will be able to register your organization on our Portal and subscribe your application(s) to consume various set of production APIs. Without the licence you can get ready and test your applications with our sandbox portal. In the mandatory scope you can access APIs supporting services described below, but in future we will be providing broader set of data.

For the regulatory scope we are following in the majority of aspects the Czech Open Banking Standard created by the Czech Banking Association. The exact API specifications are available in documentation.

Available services:

AISP / Accounts APIs - service made available to users of payment services with online access to accounts through which the payer can get, thanks to an online platform, a consolidated view on all its payment accounts, even if those are held on multiple PSP; the AISP cannot use customer data or log on to its payment accounts for any purpose other can those provided by the service.

PISP / Payments APIs - service provided by those that stand between the payer and his online payment account, by starting the payment to a third-party beneficiary. The payer can then make an online payment by direct debit on its account; provided that the PISP (person authorised only to exercise this new payment service) did not come into possession of funds from the payer and the payment service provider where the payers’ or ASPSP account is held shall ensure the PISP access to the online account of the payer

CISP / BalanceCheck APIs - service provided for "Card-Based Payment Instrument Issuers". After the consent provided by customer, they can verify with the bank availability of funds on the payment account for the completion of the payment.

References:

PSD2 - Directive

PSD2 - RTS for SCA and common and secure open standards of communication

COBS - Czech Open Banking Standard