Here are the correct answers!

Unlocking the True Value of Bank Payments. What online businesses need to know about PSD2 bank payments.

Here are the correct answers!

What does PSD2 stand for?

Payment service directive 2

What are the main objectives of PSD2? 

  • Contribute to a more integrated and efficient European payments market 
  • Improve the level playing field for payment service providers (including new players) 
  • Make payments safer and more secure 
  • Protect consumers 

What does "PIS" stand for?

Payment initiation services.

What is a PIS?

A service that initiates a payment directly from a consumer bank account, e.g. to a merchant when the consumer is shopping online.

Does being a PIS automatically mean that you can offer refunds?

No, you have to also collect funds.

Do all PIS providers offer the same coverage

No. The coverage depends on a number of factors, including API integrations and alternative access. 

What does "AIS" stand for?

Account Information Services