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Banks taking liability for XS2A transactions: ‘Just because a TPP says so?’

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Essential information for the ASPSP to make an informed authorisation decision when prompted with a payment or account information request from a TPP consists of:

What is the functional scope of the transaction? (what payment needs to be executed or what account information needs to be provided and to whom?); Did the person requesting the transaction, actually consent to exactly this functional scope? and Who is the person requesting this transaction? (and is he actually a mandated ‘controller’ of the respective account?)

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From Banks taking liability for XS2A transactions: ‘Just because a TPP says so?’

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