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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 

February 2021 - 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
01/02/2021 100 0 102 60 n/a 1.17% 2.87% n/a
02/02/2021 100 0 99 63 n/a 1.00% 3.73% n/a
03/02/2021 100 0 108 74 n/a 1.15% 5.21% n/a
04/02/2021 100 0 101 77 n/a 0.96% 9.09% n/a
05/02/2021 100 0 105 86 n/a 0.95% 6.59% n/a
06/02/2021 100 0 95 71 n/a 0.62% 7.64% n/a
07/02/2021 100 0 90 69 n/a 0.67% 5.28% n/a
08/02/2021 100 0 100 76 n/a 1.12% 3.07% n/a
09/02/2021 100 0 100 70 n/a 1.04% 0.59% n/a
10/02/2021 100 0 100 65 n/a 1.05% 0.24% n/a
11/02/2021 100 0 99 66 n/a 0.87% 0.24% n/a
12/02/2021 100 0 98 68 n/a 0.84% 0.37% n/a
13/02/2021 100 0 91 68 n/a 0.70% 0.76% n/a
14/02/2021 100 0 92 70 n/a 0.72% 0.73% n/a
15/02/2021 100 0 100 65 n/a 1.08% 0.38% n/a
16/02/2021 100 0 102 62 n/a 1.26% 0.23% n/a
17/02/2021 100 0 99 58 n/a 0.91% 0.24% n/a
18/02/2021 100 0 100 62 n/a 1.01% 0.29% n/a
19/02/2021 100 0 100 66 n/a 0.96% 0.43% n/a
20/02/2021 100 0 93 70 n/a 0.65% 0.57% n/a
21/02/2021 100 0 90 67 n/a 0.66% 2.03% n/a
22/02/2021 100 0 101 68 n/a 0.96% 0.00% n/a
23/02/2021 100 0 101 67 n/a 1.09% 0.00% n/a
24/02/2021 100 0 101 60 n/a 0.96% 0.00% n/a
25/02/2021 100 0 104 64 n/a 1.11% 0.00% n/a
26/02/2021 100 0 103 67 n/a 1.06% 0.00% n/a
27/02/2021 100 0 96 72 n/a 0.80% 0.00% n/a
28/02/2021 100 0 96 69 n/a 0.66% 0.00% n/a

February 2021 - Customer Interface

                              Availability Statistics                                                                                            Performance Statistics

Date Uptime
(%)
Downtime
 (%)
Mobile Interface
millisecs
Browser Interface
millisecs
Mobile Error
response rate
Browser Error
response rate
01/02/2021 99.99 0.01 258 656 0.00% 0.02%
02/02/2021 99.99 0.01 435 617 0.00% 0.01%
03/02/2021 99.99 0.01 248 580 0.00% 0.00%
04/02/2021 99.99 0.01 246 654 0.00% 0.00%
05/02/2021 99.99 0.01 254 578 0.00% 0.00%
06/02/2021 99.99 0.01 228 560 0.00% 0.00%
07/02/2021 99.99 0.01 212 588 0.00% 0.00%
08/02/2021 99.99 0.01 246 589 0.00% 0.01%
09/02/2021 99.99 0.01 225 536 0.00% 0.00%
10/02/2021 99.99 0.01 240 647 0.00% 0.00%
11/02/2021 99.99 0.01 222 530 0.00% 0.00%
12/02/2021 99.99 0.01 264 564 0.00% 0.00%
13/02/2021 99.99 0.01 230 560 0.00% 0.00%
14/02/2021 99.99 0.01 224 550 0.00% 0.00%
15/02/2021 99.99 0.01 227 571 0.00% 0.00%
16/02/2021 99.99 0.01 256 585 0.00% 0.00%
17/02/2021 99.99 0.01 242 579 0.00% 0.00%
18/02/2021 99.99 0.01 242 573 0.00% 0.00%
19/02/2021 99.99 0.01 256 552 0.00% 0.00%
20/02/2021 99.99 0.01 233 560 0.00% 0.00%
21/02/2021 99.99 0.01 219 602 0.00% 0.00%
22/02/2021 99.99 0.01 254 606 0.00% 0.00%
23/02/2021 99.99 0.01 254 599 0.00% 0.00%
24/02/2021 99.99 0.01 248 593 0.00% 0.00%
25/02/2021 99.99 0.01 242 583 0.00% 0.00%
26/02/2021 99.99 0.01 259 552 0.00% 0.00%
27/02/2021 99.99 0.01 256 561 0.00% 0.00%
28/02/2021 99.99 0.01 218 550 0.00% 0.00%

January 2021 - 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
1/01/21 100 0 460 66 n/a 0,73% 12,50% n/a

2/01/21

100 0 92 78 n/a 0,63% 6,03% n/a
3/01/21 100 0 91 81 n/a 0,67% 4,86% n/a
4/01/21 100 0 100 88 n/a 1,19% 4,10% n/a
5/01/21 100 0 96 80 n/a 0,92% 2,15% n/a

6/01/21

100 0 96 73 n/a 0,85% 0,83% n/a
7/01/21 100 0 99 70 n/a 0,84% 0,59% n/a
8/01/21 100 0 100 71 n/a 0,87% 0,54% n/a
9/01/21 100 0 93 71 n/a 0,55% 0,84% n/a
10/01/21 100 0 91 71 n/a 0,65% 0,80% n/a
11/01/21 100 0 101 75 n/a 0,90% 3,77% n/a
12/01/21 100 0 98 75 n/a 0,80% 5,61% n/a
13/01/21 100 0 100 75 n/a 1,37% 9,20% n/a
14/01/21 100 0 99 74 n/a 0,98% 4,21% n/a
15/01/21 100 0 97 78 n/a 0,81% 12,00% n/a
16/01/21 100 0 95 113 n/a 0,53% 5,08% n/a
17/01/21 100 0 88 62 n/a 0,74% 2,60% n/a
18/01/21 100 0 100 65 n/a 0,92% 6,21% n/a
19/01/21 100 0 104 67 n/a 1,03% 5,99% n/a
20/01/21 100 0 99 63 n/a 0,78% 5,46% n/a
21/01/21 100 0 99 74 n/a 0,84% 13,75% n/a
22/01/21 100 0 100 71 n/a 0,97% 9,46% n/a
23/01/21 100 0 241 267 n/a 0,91% 10,68% n/a
24/01/21 100 0 90 72 n/a 0,56% 8,74% n/a
25/01/21 100 0 96 75 n/a 0,77% 6,73% n/a
26/01/21 100 0 99 72 n/a 1,01% 4,01% n/a
27/01/21 100 0 102 73 n/a 0,82% 6,76% n/a
28/01/21 100 0 105 69 n/a 1,02% 4,61% n/a
29/01/21 100 0 100 62 n/a 0,87% 3,48% n/a
30/01/21 100 0 94 61 n/a 0,56% 3,68% n/a
31/01/21 100 0 95 59 n/a 0,67% 4,04% n/a

 

January 2021 - Customer Interface

               Availability Statistics                                                       Performance Statistics

Date Uptime
(%)
Downtime
 (%)
Mobile Interface
millisecs
Browser Interface
millisecs
Mobile Error
response rate
Browser Error
response rate
1/01/21 99.99 0.01 205 533 0.00% 0.00%
2/01/21 99.99 0.01 215 507 0.00% 0.00%
3/01/21 99.99 0.01 225 534 0.00% 0.00%
4/01/21 99.99 0.01 275 599 0.00% 0.00%
5/01/21 99.99 0.01 283 555 0.00% 0.00%
6/01/21 99.99 0.01 228 568 0.00% 0.00%
7/01/21 99.99 0.01 253 549 0.00% 0.00%
8/01/21 99.99 0.01 242 617 0.00% 0.00%
9/01/21 99.99 0.01 228 600 0.00% 0.00%
10/01/21 99.99 0.01 234 512 0.00% 0.00%
11/01/21 99.99 0.01 253 563 0.00% 0.00%
12/01/21 99.99 0.01 245 566 0.00% 0.00%
13/01/21 99.99 0.01 253 582 0.00% 0.00%
14/01/21 99.99 0.01 317 588 0.00% 0.00%
15/01/21 99.99 0.01 228 585 0.00% 0,00%
16/01/21 99.99 0.01 321 594 0.00% 0.00%
17/01/21 99.99 0.01 218 619 0.00% 0.00%
18/01/21 99.99 0.01 259 620 0.00% 0.00%
19/01/21 99.99 0.01 245 587 0.00% 0.00%
20/01/21 99.99 0.01 234 576 0.00% 0.00%
21/01/21 99.99 0.01 239 559 0.00% 0.00%
22/01/21 99.99 0.01 238 577 0.00% 0.00%
23/01/21 99.99 0.01 256 601 0.00% 0.00%
24/01/21 99.99 0.01 232 523 0.00% 0.00%
25/01/21 99.99 0.01 259 542 0.00% 0.00%
26/01/21 99.99 0.01 241 605 0.00% 0.00%
27/01/21 99.99 0.01 246 571 0.00% 0.00%
28/01/21 99.99 0.01 247 671 0.00% 0.01%
29/01/21 99.99 0.01 249 600 0.00% 0.00%
30/01/21 99.99 0.01 228 527 0.00% 0.00%
31/01/21 99.99 0.01 239 665 0.00% 0.00%

December 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
1/12/20 100 0 101 89 n/a 0.88% 3.64% n/a

2/12/20

100 0 102 78 n/a 1.03% 1.78% n/a
3/12/20 100 0 104 73 n/a 1.07% 0.81% n/a
4/12/20 100 0 196 242 n/a 2.41% 3.42% n/a
5/12/20 100 0 95 99 n/a 0.51% 2.35% n/a

6/12/20

100 0 92 105 n/a 0.72% 3.62% n/a
7/12/20 100 0 102 99 n/a 0.77% 1.66% n/a
8/12/20 100 0 100 92 n/a 0.90% 1.03% n/a
9/12/20 100 0 99 99 n/a 0.96% 0.91% n/a
10/12/20 100 0 100 93 n/a 1.13% 0.30% n/a
11/12/20 100 0 100 89 n/a 0.86% 0.20% n/a
12/12/20 100 0 95 81 n/a 0.60% 0.15% n/a
13/12/20 100 0 93 81 n/a 0.70% 0.14% n/a
14/12/20 100 0 113 110 n/a 0.94% 0.16% n/a
15/12/20 100 0 101 82 n/a 1.10% 0.19% n/a
16/12/20 100 0 101 108 n/a 0.92% 0.45% n/a
17/12/20 100 0 101 87 n/a 0.86% 0.15% n/a
18/12/20 100 0 100 85 n/a 0.87% 0.11% n/a
19/12/20 100 0 94 91 n/a 0.62% 0.23% n/a
20/12/20 100 0 93 92 n/a 0.69% 0.24% n/a
21/12/20 100 0 101 87 n/a 0.86% 0.17% n/a
22/12/20 100 0 100 83 n/a 0.95% 0.16% n/a
23/12/20 100 0 98 87 n/a 1.07% 0.23% n/a
24/12/20 100 0 95 92 n/a 0.77% 0.42% n/a
25/12/20 100 0 90 102 n/a 0.75% 1.09% n/a
26/12/20 100 0 93 99 n/a 0.63% 0.58% n/a
27/12/20 100 0 92 96 n/a 0.63% 0.47% n/a
28/12/20 100 0 100 91 n/a 1.08% 0.47% n/a
29/12/20 100 0 98 94 n/a 0.93% 0.46% n/a
30/12/20 100 0 98 97 n/a 1.04% 0.60% n/a
31/12/20 100 0 98 66 n/a 0.93% 21,88% n/a

 

December 2020 - Customer Interface

               Availability Statistics                                                       Performance Statistics

Date Uptime
(%)
Downtime
 (%)
Mobile Interface
millisecs
Browser Interface
millisecs
Mobile Error
response rate
Browser Error
response rate
1/12/20 99.99 0.01 289 607 0.00% 0.01%
2/12/20 99.99 0.01 273 584 0.00% 0.00%
3/12/20 99.99 0.01 270 580 0.00% 0.00%
4/12/20 99.99 0.01 258 563 0.00% 0.00%
5/12/20 99.99 0.01 244 562 0.00% 0.00%
6/12/20 99.99 0.01 228 594 0.00% 0.00%
7/12/20 99.99 0.01 242 577 0.00% 0.00%
8/12/20 99.99 0.01 281 617 0.00% 0.00%
9/12/20 99.99 0.01 254 535 0.00% 0.00%
10/12/20 99.99 0.01 240 750 0.00% 0.00%
11/12/20 99.99 0.01 256 554 0.00% 0.00%
12/12/20 99.99 0.01 228 606 0.00% 0.00%
13/12/20 99.99 0.01 218 538 0.00% 0.00%
14/12/20 99.99 0.01 302 607 0.04% 0.00%
15/12/20 99.99 0.01 333 526 0.03% 0,00%
16/12/20 99.99 0.01 332 565 0.03% 0.00%
17/12/20 99.99 0.01 279 597 0.02% 0.00%
18/12/20 99.99 0.01 283 555 0.02% 0.00%
19/12/20 99.99 0.01 252 510 0.01% 0.00%
20/12/20 99.99 0.01 263 628 0.01% 0.00%
21/12/20 99.99 0.01 480 571 0.10% 0.00%
22/12/20 99.99 0.01 221 544 0.00% 0.00%
23/12/20 99.99 0.01 233 570 0.00% 0.00%
24/12/20 99.99 0.01 234 589 0.00% 0.00%
25/12/20 99.99 0.01 205 542 0.00% 0.00%
26/12/20 99.99 0.01 214 564 0.00% 0.00%
27/12/20 99.99 0.01 214 501 0.00% 0.00%
28/12/20 99.99 0.01 253 653 0.00% 0.00%
29/12/20 99.99 0.01 242 559 0.00% 0.00%
30/12/20 99.99 0.01 248 560 0.00% 0.00%
31/12/20 99.99 0.01 234 574 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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