CGD JOINS OPEN BANKING
A new business model following the European Payment Services Directive (DSP2).
The information below is primarily intended for Payment Service Providers (PSPs)
The Payment Services Directive (DSP2)
The Payment Services Directive (DSP2) defines the applicable information requirements, the rights of users and the obligations of payment service providers. The purpose of this Directive is essentially to
- Contribute to a more integrated and efficient European payment market;
- Make payments safer and more efficient;
- Foster a level playing field between payment service providers;
- Strengthen consumer rights;
- Promote the adoption of innovative payment services.
This Directive was transposed into the national legal system through Decree-Law no. 91/2018 of 12 November.
SIBS, together with CGD and the other Banks, developed the
SIBS API MARKET
It is an open platform that provides an interface for payment service providers (API) according to the guidelines and rules defined in DSP2.
SIBS API Market is now available for testing at
Account
Information
Provides accounts’ details, balances and transactions history of one or more accounts held by the Payment Service User in one Bank.
Payment
Initiation
Offer your client the possibility to initiate a payment using the same seamless experience as in his Internet Banking.
Availability
of Funds
Checks, in real-time, the availability of funds of a Payment Service User’s account.