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How to remove obstacles for TPPs under PSD2?

The European Banking Authority (EBA) published an Opinion on obstacles to the provision of third party provider services (TPPs) under the Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and common and secure communication (CSC). The Opinion aims to support the objectives of the revised Payment Services Directive (PSD2) of enabling customers to use new and innovative payment services offered by TPPs by addressing a number of issues regarding the interfaces provided by account servicing payment service providers (ASPSPs) to TPPs.

Among the identified pain points are:

  • Authentication procedures that ASPSPs’ interfaces are required to support
  • Mandatory redirection at the point-of-sale
  • Multiple SCAs
  • 90 days re-authentication
  • Account selection
  • Additional checks on consent
  • Additional registrations

Is there anything missing?

Have your say and let us know, what could be improved to ease the life of TPPs under PSD2.