Article 31 (PSD2 RTS) – Outlines the access interface options, thus ASPSPs can provide access:
- via a dedicated interface (generally understood to refer to an API-based solution)
- by allowing the use by [TPPs], the interfaces used for authentication and communication with the [ASPSP’s] payment service users
Article 33 (PSD2 RTS) – Outlines the requirements of contingency interface.
Challenge Banks have struggled with complex Dedicated Interface (API) and most banks have slipped the deadline. Also, fallback exemption criteria as per EBA guidelines have been stringent. Considering the state of play, providing an MCI interface could be a tactical solution to meet the PSD2 RTS compliance - either as Primary Interface or as Fallback to Dedicated Interface