Unlocking the True Value of Bank Payments
What online businesses need to know about PSD2 bank payments
Are you a payments professional?
Download our white paper designed to give payments professionals an introduction to the difference between various Payment Initiation Services and a deeper understanding of what these differences mean for coverage and quality.
Challenge your colleagues!
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Here are the correct answers!
What does PSD2 stand for?
Payment service directive 2 (correct)
Payment solutions directive 2
Payment service directory 2
What are the main objectives of PSD2? (several answers can apply)
Contribute to a more integrated and efficient European payments market (correct)
Improve the level playing field for payment service providers (including new players) (correct)
Make payments safer and more secure (correct)
Protect consumers (correct)
What does "PIS" stand for?
Payment initiation services (correct)
Payment innovation solution
Pre initiation service
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 (correct)
A service that helps innovate how transactions are structured in the consumer bank account.
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?
Yes, refunds are a hygiene factor in payments today.
No, you have to also collect funds. (correct)
Do all PIS providers offer the same coverage?
Yes, once you are labeled PIS you can offer all-bank coverage -in accordance with the regulation.
No. The coverage depends on a number of factors, including API integrations and alternative access. (correct)
What does "AIS" stand for?
Account Information Services (correct)
Access Information Services
Account Innovation Solution