To give a somewhat clearer picture of the process of the Revised Payment Services Directive (PSD2), we have created a timeline of the documents and deadlines presented by the European Banking Authority (EBA), regarding the interpretation of the PSD2 regulation.
The 'Berlin Group' is a pan-European payments interoperability standards and harmonisation initiative with the primary objective of defining open and common scheme- and processor-independent standards in the interbanking domain between Creditor Bank (Acquirer) and Debtor Bank (Issuer), complementing the work carried out by e.g. the European Payments Council. As such, the Berlin Group has been established as a pure technical standardisation body, focusing on detailed technical and organisational requirements to achieve this primary objective.
Get to know PSD2 and respond effectively to the threats and opportunities of PSD2. Decide whether to become a banking ‘utility’, or to continue to play a central role at the heart of your customer’s daily lives.