Confirm the availability of funds in an account
The purpose of this PSD2 service is to enable payment service providers (PSD)/debit card issuers to confirm in real time the availability of funds in the direct debit account of their customer’s card before executing their card payment, provided that the account is accessible online and the account holder gives their consent beforehand. This check only applies to debit cards issued by a third party and associated with a BBVA account.
The technological heart of this ambitious European regulation is APIs (Application Programming Interfaces).
This way, you can be more certain about your collections and avoid unforeseen situations for your customers.
Advantages of the Funds Confirmation PSD2 API
To use the Funds Confirmation PSD2 API, you need to be a debit card issuer and your customer’s card must be associated with a BBVA account and accessible online. The service has been developed and deployed through Redsys.
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.
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.