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Here are the correct answers!

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What does PSD2 stand for?

A

Payment service directive 2 (correct)

B

Payment solutions directive 2

C

Payment service directory 2

 

What are the main objectives of PSD2? (several answers can apply)

A

Contribute to a more integrated and efficient European payments market (correct)

B

Improve the level playing field for payment service providers (including new players) (correct)

C

Make payments safer and more secure (correct)

D

Protect consumers (correct)

E

Protect banks

 

What does "PIS" stand for?

A

Payment initiation services (correct)

B

Payment innovation solution

C

Pre initiation service

What is a PIS?

A

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

B

A service that helps innovate how transactions are structured in the consumer bank account. 

C

A service that helps innovate how transactions are structured in the receiving merchant bank account.

 

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

A

Yes, refunds are a hygiene factor in payments today. 

B

No, you have to also collect funds. (correct)

 

Do all PIS providers offer the same coverage?

A

Yes, once you are labeled PIS you can offer all-bank coverage -in accordance with the regulation.

B

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

 

What does "AIS" stand for?

A

Account Information Services (correct)

B

Access Information Services

C

Account Innovation Solution