PSD2 is the new European Directive (2015/2366/EU) which incorporates, complements and substitutes the previous PSD (2007/64/CE), which provided the legal basis for the creation of an EU-wide single market for payment services.

The PSD2 applies to payment services in the European Union. It focuses mainly on electronic payments and does not include, among the others, paper based payment transactions like cash and cheques.

PSD2 aims to create a single and integrated payment services market, aligning standards for institutional banks and emerging Payment Service Providers (PSPs), and accelerating the digital transformation in payments.

Its main objectives are to:

• contribute to a more integrated and efficient European payments market
• open up payments market to new entrants increasing competition
• promote innovative and internet payment services
• introduce strict security rules for the initiation and processing of electronic payments and for the protection of consumers’ data

Authentication processes related to payment information and transactions must adhere to updated strong authentication requirements.

A significant change is the possibility for customers to allow licensed third party providers (TPPs) to access to their online payment account’s information and to initiate payments from their account.

Here are some useful links:

EU Directive:

https://ec.europa.eu/info/law/payment-services-psd-2-directive-eu-2015-2366_en

https://ec.europa.eu/info/business-economy-euro/banking-and-finance/consumer-finance-and-payments/payment-services/payment-services_en

EBA RTS:

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32018R0389

It's a platform of financial APIs. Companies or developers interested in using the APIs can sign up and test them in a Sandbox environment.

There is no cost associated with accessing and using the APIs in the sandbox environment

The platform is targeted towards companies, small businesses and developers. Anyone interested in building value-added services based on financial APIs.

To get full access to Attica Bank Developer Portal, the first step is to register.

We then suggest to read our Getting Started page for further instructions and have a look at our API catalog.

You can access the Trial Playground APIs in order to understand the potential of the service.