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    Access to payment accounts under PSD2: which accounts are in scope?

    The revised EU Payment Services Directive (PSD2) caters for the possibility of third party service providers having access to payment accounts held at other payment service providers, the so-called 'account servicing payment service providers' (read: banks). In this regard, PSD2 makes a distinction between two types of services: payment initiation services and account information services.

    In the following Q&A Arno Voerman of van Doorne's FinTech team answers questions such as; what's the difference between payment initiation services and account information services?, does a contract need to be in place in order to have account-access?, and which accounts qualify as payment accounts?.

    Click here to read the Q&A.

    Source: The Paypers