Harness the full potential of the European account information payments directive
The purpose of the account information service is to obtain aggregate information about one or more payment accounts, held by your customers. The technological heart of this ambitious European regulation is APIs (Application Programming Interfaces).
This gives customers an overview of their financial situation and enables them to easily analyze their activity and financial needs with the provider of their choice.
Advantages of the Accounts PSD2 API
Using the Accounts PSD2 API requires a license to provide account information services in the country. The service is deployed through Redsys, a company that has developed the BBVA API for the provision of the account information service.
The PSD2 provides a unique opportunity for accessing your customers’ payment account information and being able to use it as one more resource when creating services and products that suit exactly what they are looking for. Integrating this API into your ecosystem will make the process much simpler, more efficient and more intuitive.
Head of Open Banking at BBVA Spain
Read about our other APIs that enable you to offer payments and other banking services to your individual or business customers, all under your own brand.
You may also like…
The five keys to understanding PSD2
With the arrival of the PSD2, we analyze which changes it brings from the previous directive and which is the regulatory frame it provides.Read more
The first year of PSD2: an uneven deployment between actors and countries
Some states have given moratoriums considered excessive by others, while fintech companies complain about the slowness of part of traditional banking.Read more
What are payment initiation services (PIS) within the PSD2 Directive?
They are one of the most important elements regulated by the PSD2 directive, which has favored the emergence of new actors and improved security and privacy in transactions.Read more