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The purpose of PSD2

 

The main objectives of the revised directive

PSD2, as transposed into Belgian law, aims to provide for the further development of an enhanced and integrated internal market for electronic payments within the EU. It provides an extensive framework for payment services, with the objective of making payments within the EU more secure and effective. It will provide greater protection for consumers by increasing security measures for electronic payments. It pursues to open payment markets to new entrants, by encouraging more competition, providing greater choice and competitive prices for consumers. Ultimately this lays the foundations needed to accelerate the build of an ecosystem that will support an integrated and efficient European payments market.

 

Core objectives

  • Provide for a single, efficient European payments market for retail payment transactions and contribute to an integrated and efficient European payments market, reducing market deficiencies, exemptions and creating the prerequisites for the digitisation of the payments industry
  • Improve the level playing field for all payment service providers and boost competition as well as build the foundation to provide equal opportunities to all payment service providers
  • Enhance & improve client protection & the security a of payments by increasing transparency, efficiency and security of retail payments
  • Reduce Total Cost of Ownership in the payments value chain, increasing competition, encouraging lower prices for clients and setting benchmarks

 

The KBC website also offers further information on PSD2.

 

Opening the market

What are Third Party Providers (TPPs)?

PSD2 and the Belgian law transposing PSD2 define the concepts of Account information service provider (AISP), Payment initiation service provider (PISP), Payment service provider issuing card-based payment instruments (CISP) or technical service provider (TSP). “Third party service provider (TPP)” is a more general term covering all third parties previously mentioned.
Who can act as a TPP? It can be for example a bank, financial software provider, retailer, telco, fintech. 

Acronym Term Definition
PSU Payment Service User Is a natural or legal person making use of a payment service as a payee, payer or both
ASPSP Account Servicing Payment Service Provider Provides and maintain a payment account for a payer
AISP Account Information Service Provider

Provides an account information service as an online service

Provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s)

PISP Payment Initiation Service Provider

Provides a ‘payment initiation service’ being a service

Initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider

CBPII Card Based Payment Instrument Issuer
Is a payment service provider
That issues card-based payment instruments
That can be used to initiate a payment transaction from a payment account held with a third account servicing payment service provider

 

Availability and performance

Availability:

  • The uptime of all interfaces
  • The downtime of all interfaces (planned)
  • The downtime of all interfaces (unplanned)

Performance:

  • The time taken for the ASPSP to provide to the payment initiation service provider (PISP) all information on the initiation of the payment transaction
  • The time taken for the ASPSP to provide to the account information service provider (AISP) all payment related data
  • The time taken for the ASPSP to provide to the card based payment instrument issuer (CBPII) and PISP a yes/no message

Availability and performance statistics 

September 2020 - Dedicated Interface

               Availability Statistics                                                       Performance Statistics

Date Uptime
(%)
Downtime
 (%)
AISP Response
millisecs
PISP Response
millisecs
CBPII Response
millisecs
AIS Error
response rate
PIS Error
response rate
CBPII Error
response rate
1/09/20 100 0 143 216 n/a 0.46% 0.00% n/a

2/09/20

100 0 135 190 n/a 0.46% 0.00% n/a
3/09/20 100 0 135 204 n/a 0.49% 0.00% n/a
4/09/20 100 0 136 210 n/a 0.73% 0.00% n/a
5/09/20 100 0 127 260 n/a 0.29% 0.22% n/a

6/09/20

100 0 126 3530 n/a 0.31% 0.00% n/a
7/09/20 100 0 137 257 n/a 0.66% 0.00% n/a
8/09/20 100 0 139 251 n/a 0.45% 0.00% n/a
9/09/20 100 0 136 216 n/a 0.43% 0.00% n/a
10/09/20 100 0 135 183 n/a 0.36% 0.00% n/a
11/09/20 100 0 132 173 n/a 0.32% 0;00% n/a
12/09/20 100 0 126 188 n/a 0.24% 0.00% n/a
13/09/20 100 0 125 198 n/a 0.24% 0.00% n/a
14/09/20 100 0 134 167 n/a 0.45% 2.90% n/a
15/09/20 100 0 132 180 n/a 0.53% 2.70% n/a
16/09/20 100 0 131 181 n/a 0.55% 2.98% n/a
17/09/20 100 0 132 182 n/a 0.73% 4.38% n/a
18/09/20 100 0 133 209 n/a 0.74% 15.95% n/a
19/09/20 100 0 127 208 n/a 0.41% 53.93% n/a
20/09/20 100 0 126 237 n/a 0.56% 60.26% n/a
21/09/20 100 0 134 208 n/a 0.76% 53.93% n/a
22/09/20 100 0 132 231 n/a 0.52% 58.54% n/a
23/09/20 100 0 130 201 n/a 0.78% 9.30% n/a
24/09/20 100 0 131 197 n/a 0.66% 1.80% n/a
25/09/20 100 0 128 185 n/a 0.39% 0.00% n/a
26/09/20 100 0 123 184 n/a 0.39% 0.00% n/a
27/09/20 100 0 123 202 n/a 0.47% 0.00% n/a
28/09/20 100 0 136 211 n/a 0.69% 51.16% n/a
29/09/20 100 0 134 257 n/a 0.78% 48.98% n/a
30/09/20 100 0 134 195 n/a 0.64% 51.86% n/a

September 2020 - Customer Interface

               Availability Statistics                                                       Performance Statistics

Date Uptime
(%)
Downtime
 (%)
Mobile Interface
millisecs
Browser Interface
millisecs
Mobile Error
response rate
Browser Error
response rate
1/09/20 99.99 0.01 213 669 0.00% 0.00%
2/09/20 99.99 0.01 242 812 0.00% 0.00%
3/09/20 99.99 0.01 218 665 0.00% 0.00%
4/09/20 99.99 0.01 236 608 0.00% 0.00%
5/09/20 99.99 0.01 232 535 0.00% 0.00%
6/09/20 99.99 0.01 265 679 0.00% 0.00%
7/09/20 99.99 0.01 205 618 0.00% 0.00%
8/09/20 99.99 0.01 229 665 0.00% 0.00%
9/09/20 99.99 0.01 241 641 0.00% 0.00%
10/09/20 99.99 0.01 201 665 0.00% 0.00%
11/09/20 99.99 0.01 239 605 0.00% 0.00%
12/09/20 99.99 0.01 228 709 0.00% 0.00%
13/09/20 99.99 0.01 250 634 0.00% 0.00%
14/09/20 99.99 0.01 255 640 0.00% 0.00%
15/09/20 99.99 0.01 210 719 0.00% 0,00%
16/09/20 99.99 0.01 215 674 0.00% 0.00%
17/09/20 99.99 0.01 220 740 0.00% 0.00%
18/09/20 99.99 0.01 226 717 0.00% 0.00%
19/09/20 99.99 0.01 212 812 0.00% 0.00%
20/09/20 99.99 0.01 216 711 0.00% 0.00%
21/09/20 99.99 0.01 261 725 0.00% 0.00%
22/09/20 99.99 0.01 215 702 0.00% 0.00%
23/09/20 99.99 0.01 229 691 0.00% 0.00%
24/09/20 99.99 0.01 213 722 0.00% 0.00%
25/09/20 99.99 0.01 214 634 0.00% 0.00%
26/09/20 99.99 0.01 222 672 0.00% 0.00%
27/09/20 99.99 0.01 207 662 0.00% 0.00%
28/09/20 99.99 0.01 221 653 0.00% 0.00%
29/09/20 99.99 0.01 210 684 0.00% 0.00%
30/09/20 99.99 0.01 231 709 0.00% 0.00%

August 2020 - Dedicated Interface

               Availability Statistics                                                       Performance Statistics

Date Uptime
(%)
Downtime
 (%)
AISP Response
millisecs
PISP Response
millisecs
CBPII Response
millisecs
AIS Error
response rate
PIS Error
response rate
CBPII Error
response rate
1/08/20 100 0 125 211 n/a 0.61% 0.00% n/a

2/08/20

100 0 123 221 n/a 0.41% 0.00% n/a
3/08/20 100 0 135 189 n/a 0.68% 0.00% n/a
4/08/20 100 0 132 181 n/a 0.49% 0.00% n/a
5/08/20 100 0 131 191 n/a 0.80% 0.00% n/a

6/08/20

100 0 132 186 n/a 0.70% 0.00% n/a
7/08/20 100 0 133 201 n/a 0.91% 0.00% n/a
8/08/20 100 0 131 212 n/a 0.39% 0.00% n/a
9/08/20 100 0 126 252 n/a 0.50% 0.00% n/a
10/08/20 100 0 134 240 n/a 1.12% 0.00% n/a
11/08/20 100 0 133 170 n/a 0.71% 0.00% n/a
12/08/20 100 0 133 176 n/a 0.91% 0.00% n/a
13/08/20 100 0 151 209 n/a 0.97% 0.00% n/a
14/08/20 100 0 133 214 n/a 0.64% 0.00% n/a
15/08/20 100 0 121 198 n/a 0.33% 0.27% n/a
16/08/20 100 0 124 430 n/a 0.67% 6.82% n/a
17/08/20 100 0 130 199 n/a 0.67% 0.00% n/a
18/08/20 100 0 136 197 n/a 0.82% 0.00% n/a
19/08/20 100 0 134 204 n/a 0.90% 0.00% n/a
20/08/20 100 0 133 181 n/a 0.69% 0.00% n/a
21/08/20 100 0 131 156 n/a 0.57% 0.00% n/a
22/08/20 100 0 125 179 n/a 0.48% 0.00% n/a
23/08/20 100 0 124 192 n/a 0.27% 7.80% n/a
24/08/20 100 0 133 189 n/a 0.85% 0.00% n/a
25/08/20 100 0 133 192 n/a 0.64% 0.00% n/a
26/08/20 100 0 132 174 n/a 0.66% 0.00% n/a
27/08/20 100 0 134 161 n/a 0.44% 0.00% n/a
28/08/20 100 0 133 164 n/a 0.62% 0.00% n/a
29/08/20 100 0 135 187 n/a 0.43% 0.00% n/a
30/08/20 100 0 125 361 n/a 0.47% 0.00% n/a
31/08/20 100 0 137 193 n/a 0;80% 0.00% n/a

 

August 2020 - Customer Interface

               Availability Statistics                                                       Performance Statistics

Date Uptime
(%)
Downtime
 (%)
Mobile Interface
millisecs
Browser Interface
millisecs
Mobile Error
response rate
Browser Error
response rate
1/08/20 99.99 0.01 239 702 0.00% 0.00%
2/08/20 99.99 0.01 199 668 0.00% 0.00%
3/08/20 99.99 0.01 240 627 0.00% 0.01%
4/08/20 99.99 0.01 223 746 0.00% 0.00%
5/08/20 99.99 0.01 359 722 0.00% 0.06%
6/08/20 99.99 0.01 246 792 0.00% 0.08%
7/08/20 99.99 0.01 255 731 0.00% 0.07%
8/08/20 99.99 0.01 264 649 0.00% 0.05%
9/08/20 99.99 0.01 207 650 0.00% 0.05%
10/08/20 99.99 0.01 241 689 0.00% 0.04%
11/08/20 99.99 0.01 220 690 0.00% 0.03%
12/08/20 99.99 0.01 248 761 0.00% 0.03%
13/08/20 99.99 0.01 243 692 0.00% 0.02%
14/08/20 99.99 0.01 237 626 0.00% 0.03%
15/08/20 99.99 0.01 217 730 0.00% 0,04%
16/08/20 99.99 0.01 205 1621 0.04% 0.05%
17/08/20 99.99 0.01 267 859 0.00% 0.01%
18/08/20 99.99 0.01 285 678 0.00% 0.01%
19/08/20 99.99 0.01 220 683 0.00% 0.00%
20/08/20 99.99 0.01 205 659 0.00% 0.00%
21/08/20 99.99 0.01 223 628 0.00% 0.00%
22/08/20 99.99 0.01 194 684 0.00% 0.00%
23/08/20 99.99 0.01 209 725 0.00% 0.00%
24/08/20 99.99 0.01 221 628 0.00% 0.00%
25/08/20 99.99 0.01 219 638 0.00% 0.00%
26/08/20 99.99 0.01 243 653 0.00% 0.00%
27/08/20 99.99 0.01 206 667 0.00% 0.00%
28/08/20 99.99 0.01 243 648 0.00% 0.00%
29/08/20 99.99 0.01 212 625 0.00% 0.00%
30/08/20 99.99 0.01 230 571 0.00% 0.00%
31/08/20 99.99 0.01 243 616 0.00% 0.00%

July 2020 - Dedicated Interface

                              Availability Statistics                                                             Performance Statistics

Date Uptime
(%)
Downtime
 (%)
AISP Response
millisecs
PISP Response
millisecs
CBPII Response
millisecs
AIS Error
response rate
PIS Error
response rate
CBPII Error
response rate
01/07/2020 100 0 143 155 n/a 1.07% 0.00% n/a
02/07/2020 100 0 134 146 n/a 0.82% 0.00% n/a
03/07/2020 100 0 132 246 n/a 0.68% 0.00% n/a
04/07/2020 100 0 125 246 n/a 0.44% 0.00% n/a
05/07/2020 100 0 131 201 n/a 0.75% 0.00% n/a
06/07/2020 100 0 134 228 n/a 1.16% 0.00% n/a
07/07/2020 100 0 133 202 n/a 0.79% 0.00% n/a
08/07/2020 100 0 133 192 n/a 0.84% 0.00% n/a
09/07/2020 100 0 129 140 n/a 0.96% 0.00% n/a
10/07/2020 100 0 129 144 n/a 0.71% 0.00% n/a
11/07/2020 100 0 123 144 n/a 0.51% 0.00% n/a
12/07/2020 100 0 128 147 n/a 0.48% 0.00% n/a
13/07/2020 100 0 132 140 n/a 0.65% 0.00% n/a
14/07/2020 100 0 133 157 n/a 0.66% 0.00% n/a
15/07/2020 100 0 130 198 n/a 0.68% 0.00% n/a
16/07/2020 100 0 130 138 n/a 0.69% 0.00% n/a
17/07/2020 100 0 132 136 n/a 0.75% 0.00% n/a
18/07/2020 100 0 146 331 n/a 0.44% 0.00% n/a
19/07/2020 100 0 130 2184 n/a 0.45% 9.27% n/a
20/07/2020 100 0 130 144 n/a 0.76% 0.00% n/a
21/07/2020 100 0 126 145 n/a 0.29% 0.00% n/a
22/07/2020 100 0 132 176 n/a 0.72% 0.00% n/a
23/07/2020 100 0 131 173 n/a 0.68% 0.00% n/a
24/07/2020 100 0 133 202 n/a 0.74% 0.00% n/a
25/07/2020 100 0 124 194 n/a 0.59% 0.00% n/a
26/07/2020 100 0 122 217 n/a 0.62% 0.00% n/a
27/07/2020 100 0 132 199 n/a 0.65% 0.00% n/a
28/07/2020 100 0 132 181 n/a 0.65% 0.00% n/a
29/07/2020 100 0 132 180 n/a 0.53% 0.00% n/a
30/07/2020 100 0 131 188 n/a 0.83% 0.00% n/a
31/07/2020 100 0 131 213 n/a 0.77% 0.00% n/a

July 2020 - Customer Interface

                              Availability Statistics                                                                                            Performance Statistics

Date Uptime
(%)
Downtime
 (%)
Mobile Interface
millisecs
Browser Interface
millisecs
Mobile Error
response rate
Browser Error
response rate
01/07/2020 99.99 0.01 269 639 0.00% 0.00%
02/07/2020 99.99 0.01 241 642 0.00% 0.00%
03/07/2020 99.99 0.01 223 633 0.00% 0.00%
04/07/2020 99.99 0.01 233 612 0.00% 0.00%
05/07/2020 99.99 0.01 195 561 0.00% 0.00%
06/07/2020 99.99 0.01 225 634 0.00% 0.00%
07/07/2020 99.99 0.01 214 574 0.00% 0.02%
08/07/2020 99.99 0.01 225 623 0.00% 0.00%
09/07/2020 99.99 0.01 216 770 0.00% 0.00%
10/07/2020 99.99 0.01 257 709 0.00% 0.00%
11/07/2020 99.99 0.01 305 623 0.00% 0.00%
12/07/2020 99.99 0.01 236 645 0.00% 0.00%
13/07/2020 99.99 0.01 228 621 0.00% 0.00%
14/07/2020 99.99 0.01 218 629 0.00% 0.00%
15/07/2020 99.99 0.01 292 640 0.00% 0.00%
16/07/2020 99.99 0.01 276 651 0.00% 0.00%
17/07/2020 99.99 0.01 252 650 0.00% 0.00%
18/07/2020 99.99 0.01 202 642 0.00% 0.00%
19/07/2020 99.99 0.01 219 758 0.00% 0.00%
20/07/2020 99.99 0.01 223 609 0.00% 0.00%
21/07/2020 99.99 0.01 222 686 0.00% 0.00%
22/07/2020 99.99 0.01 230 654 0.00% 0.00%
23/07/2020 99.99 0.01 244 767 0.00% 0.01%
24/07/2020 99.99 0.01 230 678 0.00% 0.00%
25/07/2020 99.99 0.01 250 679 0.00% 0.00%
26/07/2020 99.99 0.01 258 699 0.00% 0.00%
27/07/2020 99.99 0.01 212 637 0.00% 0.00%
28/07/2020 99.99 0.01 222 740 0.00% 0.00%
29/07/2020 99.99 0.01 206 633 0.00% 0.00%
30/07/2020 99.99 0.01 368 624 0.00% 0.00%
31/07/2020 99.99 0.01 260 616 0.00% 0.00%

Glossary

Dedicated Interface: third-party connection to KBC's APIs

AISP: account information service provider

PISP: payment initiation service provider

CBPII: card based payment instrument issuer

Customer interface: customer connection to KBC's online banking applications

API: application programming interface

Error response rate: the ratio between the number of errors and the total number of requests

 

If you have any questions, do not hesitate to contact us at psd2@kbc.be 

The KBC website also offers further information on PSD2.

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