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Funds Confirmation PSD2

Spain

Confirm the availability of funds in an account.

Funds Confirmation PSD2 enables issuers of card-based payment instruments to check, via the Redsys PSD2 HUB, whether a BBVA account has funds available for a specific transaction. This allows you to anticipate the viability of the transaction within the applicable PSD2 framework.

Discover all about Funds Confirmation PSD2

Confirm funds before transacting

The purpose of this PSD2 capability is to allow issuers of card-based payment instruments to confirm, before a specific transaction, whether funds are available in the associated BBVA payment account, provided the account is accessible online and the customer has given prior consent.

The check applies to cards issued by a third party and linked to a BBVA payment account accessible online, in accordance with the PSD2 funds confirmation flow.

The technical connection for this PSD2 capability in Spain is made through the Redsys PSD2 HUB. This enables you to validate funds availability for a specific amount and reduce uncertainty before completing the transaction.

In practice

What it offers

Advantages of the Funds Confirmation PSD2 API

Plan transactions with greater certainty

Check whether funds are available for the queried amount before authorizing a transaction. If funds are insufficient, you can manage the rejection predictably within your service flow.

Maintain a secure, consent-based flow

The customer must authorize the funds confirmation when applicable and complete strong customer authentication in accordance with PSD2. The technical operation is performed through Redsys’ PSD2 channel.

Improve the journey with prior validation

By knowing whether a specific transaction has available funds, you can design smoother journeys, reduce payment friction, and improve the experience without exposing additional account information.

How does it work?

To use Funds Confirmation PSD2, you must act as an issuer of a card-based payment instrument and the card must be linked to a BBVA payment account accessible online. The technical connection and integration are carried out through the Redsys PSD2 HUB.

1. Consent

Before making the first request for confirmation of funds, your customer gives their consent so that you can check if they have a certain balance in their BBVA account through a bank interface.

2. Authentication

To grant such consent, the customer has authenticated using their BBVA online banking access and signature key (SCA).

3. Confirmation

Once the customer’s consent is obtained, a token is created that allows the confirmation of funds in unaided mode.

4. Validation

Your service can make availability inquiries regarding a specific balance in the customer’s BBVA account. Under no circumstances are the funds blocked.

Up-to-date information is essential when it comes to providing an efficient and optimized service. The Funds Confirmation PSD2 API seeks precisely to confirm this key information when performing debit card transactions.

Ana Climente, Head of Open Banking at BBVA Spain

Other PSD2 capabilities that may interest you

If Funds Confirmation PSD2 is useful to you, you may also be interested in the PSD2 account information and payment initiation capabilities available to authorized TPPs.

Accounts PSD2

Harness the full potential of the European Payments Directive.

Payments PSD2

Allows your customers to start their payments immediately and automatically from your own platform.

Customers

Subject to express consent, customer may share their BBVA identification data.

Access the complete API catalog

Access

Do you need help with BBVA’s PSD2 APIs?

BBVA API Market can guide you on available PSD2 capabilities. For technical registration, credentials, sandbox, integration, or incidents, you should contact Redsys.