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'''The Berlin Group''' consist of almost forty banks, associations and [[payment service provider]]s (PSPs) from across the European Union. The objective was to define open and common scheme- and processor-independent standards in the inter-banking domain between [[creditor]] banks ([[Acquiring bank|acquirers]]) and [[debtor]] banks ([[Issuing bank|issuer]]) and to complement the work carried out by organisations like the [[European Payments Council]]. The Berlin Group first met in Berlin, from which it derived its name, in October 2004. |
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To achieve this objective, the Berlin Group established a pure technical standardisation body, focusing on detailed technical and organisational requirements.<ref>{{cite web|url=https://www.berlin-group.org/|title=the-berlin-group|website=the-berlin-group}}</ref> This common API standard is called "NextGenPSD2" after the [[PSD2]] directive and was developed to create uniform and interoperable communications between banks and third-party processors (TPPs).<ref>{{cite web|url=https://www.berlin-group.org/single-post/2017/06/13/PRESS-RELEASE---Berlin-Group-NextGenPSD2-announced-creation-of-European-PSD2-API-standard|title=Press Release - Berlin Group NextGenPSD2 announced creation of European PSD2 API standard|website=the-berlin-group|date=13 June 2017 }}</ref><ref>{{cite web|url=https://www.instapay.today/insight/berlin-groups-nextgenpsd2-becoming-a-european-reality/|title=Berlin Group's NextGenPSD2 becoming a European reality|publisher=}}</ref> |
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'''The Berlin Group''', a European coalition of banks and payment processors with the primary objective of defining open and common scheme- and processor-independent standards in the interbanking domain between [[Creditor]] Bank (Acquirer) and [[Debtor]] Bank (Issuer), complementing the work carried out by e.g. the [[European Payments Council]]. As such, the Berlin Group has been established as a pure technical standardisation body, focusing on detailed technical and organisational requirements to achieve this primary objective.<ref>https://www.berlin-group.org/</ref> |
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The Berlin Group has defined a common API standard called "NextGenPSD2" to enable Third Party Providers (TPPs) to access bank accounts under the revised [[Payment Services Directive]] (PSD2).<ref>https://www.berlin-group.org/single-post/2017/06/13/PRESS-RELEASE---Berlin-Group-NextGenPSD2-announced-creation-of-European-PSD2-API-standard</ref> |
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==History== |
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The Berlin Group first met in [[Berlin]], hence its name, in October 2004 and currently has participation of 25 major players in the payments industry from 10 different euro-zone countries and from the UK, Sweden, Denmark, Norway, Iceland, Turkey, Bulgaria, Hungary, Serbia and Switzerland, together representing more than 25 billion card-originated transactions annually within the [[Single Euro Payments Area]] (SEPA). The participants are banks (ASPSPs), banking associations, payment associations, national and international payment schemes, and interbank processors working in SEPA. |
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==NISP== |
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NextGenPSD2 Implementation Support Programme (NISP) supports the implementation, testing & certification of the Berlin Group NextGenPSD2 Framework. The primary objective is achieving swift compliance to all relevant regulatory and organisational requirements from the [[European Union]] (EU) and the [[European Banking Authority]] (EBA).<ref>https://nisp.online/</ref> |
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==See also== |
==See also== |
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*[[Payment Services Directive]] |
*[[Payment Services Directive]] |
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*[[Open |
*[[Open banking]] |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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{{DEFAULTSORT:Berlin Group, The}} |
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[[Category:Application programming interfaces]] |
[[Category:Application programming interfaces]] |
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[[Category:Banking in the European Union]] |
[[Category:Banking in the European Union]] |
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Latest revision as of 22:34, 20 November 2024
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The Berlin Group consist of almost forty banks, associations and payment service providers (PSPs) from across the European Union. The objective was to define open and common scheme- and processor-independent standards in the inter-banking domain between creditor banks (acquirers) and debtor banks (issuer) and to complement the work carried out by organisations like the European Payments Council. The Berlin Group first met in Berlin, from which it derived its name, in October 2004.
To achieve this objective, the Berlin Group established a pure technical standardisation body, focusing on detailed technical and organisational requirements.[1] This common API standard is called "NextGenPSD2" after the PSD2 directive and was developed to create uniform and interoperable communications between banks and third-party processors (TPPs).[2][3]
See also
[edit]References
[edit]- ^ "the-berlin-group". the-berlin-group.
- ^ "Press Release - Berlin Group NextGenPSD2 announced creation of European PSD2 API standard". the-berlin-group. 13 June 2017.
- ^ "Berlin Group's NextGenPSD2 becoming a European reality".