Open banking is a branch of financial technology. Open banking is a banking practice that provides third party financial service providers (TPPs) open access to consumer banking, transactions and other financial data from banks and non-bank financial institutions. This is done through the use of open Application Programming Interfaces (APIs). APIs enable third-party businesses to […]
The EU payment Service Directive (PSD2) dictates that all financial entities have to only provide access to payment accounts, to third-party service providers. This does not include accounts like: most mortgage accounts, loan accounts, savings accounts, sight accounts, securities accounts, construction accounts etc.. Loan/Savings accounts do not qualify as payment accounts, this means that a […]
What to do and who to contact when you see an error message on your screen. To help understand and find the cause of the error you can ask yourself these questions: Where did I log into? My bank, a specific application… What does the error message say? Make a screenshot or write it down. […]
What is a Third Party Provider? Third Party Provider (TPP) is a collective term that is used for Account Information Service Providers (AISP) and/or Payment Initiation Service Providers (PISP). If your business is a licensed AIS or PIS provider, your business acts as a Third Party Provider. Mastercard Open Banking is an example of a […]
In order to access production data, you need to be a Mastercard Open Banking customer. Contact our Sales team for assistance. During your onboarding process, you will gain access to production data by contacting Support using your Client ID.