To enable you to access end-user accounts, finAPI offers the PSD2 license as an add-on for account information and/or payment initiation services. The PSD2 license Add-on includes the functions required for using account information and/or payment initiation services via the finAPI web form.
For convenient, inexpensive and secure access to your own accounts, you can use finAPI Webform. You benefit from fast integration into existing systems, ease of use and responsive design, among other advantages.
Your business is affected by the PSD2 regulation if you:
In short, an AISP is allowed to retrieve and process account information from bank accounts on behalf of customers. German law defines an AIS as follows: An account information service is an online service for communicating consolidated information about one or more payment accounts held by the payment service user with one or more other payment service providers (ZAG, paragraph 1, section 34).
In short, a payment initiation service provider (PISP) is allowed to initiate payments from bank accounts. German law defines it as follows: A payment initiation service is a service where, at the instigation of the payment service user, a payment order is initiated in relation to a payment account held with another payment service provider (ZAG, paragraph 1, section 33).
Contact us. We will be happy to advise you.
finAPI GmbH
Adams-Lehmann-Str. 44
80797 München
Officially licensed and supervised by the German Federal Financial Supervisory Authority (BaFin).
