PRETA initiates PSD2 directory

Pan-European payment specialist EBA Clearing’s subsidiary PRETA is launching a directory project to support payment service providers (PSPs) and third party providers (TPPs) in meeting the access-to-account requirements of the European Union’s (EU) revised Payment Services Directive (PSD2).

PRETA, which was set up in 2013 to develop digital payment solutions and is the owner-operator of the MyBank e-authorisation solution, said the project’s aim is “to deliver a pan-European directory providing relevant information on account-servicing PSPs (AS-PSPs) and TPPs for access by the latter to payment accounts.” Earlier this week the Euro Retail Payments Board (ERPB) called for just such a directory to be delivered by the market.

“There is an obvious need for an operational directory to support both AS-PSPs and TPPs,” said John Broxis, managing director of PRETA. “TPPs will need a single point of reference to locate the interfaces of AS-PSPs, which in turn will require a single point of reference to identify TPPs authorised to access those interfaces.

“Beyond these key requirements to be tackled by such a directory, there are many possibilities for additional services aimed at reducing costs, improving security and reducing fragmentation.”

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