The European Banking Authority (EBA) has published a letter it received in response to its letter of 26 January 2018 concerning the regulatory technical standards (RTS) on strong customer authentication and common and secure communication under the revised Payment Services Directive (PSD2).

In its letter the Commission explains that the amendments made to the RTS take on board concerns that were expressed by the EBA and by Member State officials at an earlier meeting. As such the Commission would regard the amendments as a move towards the EBA’s opinion.

The letter adds that it is not possible for the EBA or the Commission to anticipate all possible problems with application programming interfaces (APIs), and to specify in the RTS how they have to be addressed. The Commission will therefore have to rely on market players to develop together APIs that work for all sides – banks, third party providers and payments services users.

View Commission letter to EBA on RTS on strong customer authentication under PSD2, 13 February 2018