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The Payment Initiation Service parts of the PSD2 specification provides the following services to authorized TPPs:
Initiation and update of a payment request
Status information of a payment
Singing baskets - authorising several transactions with one SCA operation
The Fund Confirmation Service (FCS) API provides a service to query the availability of a specific amount at the point in time of the call.
Consents and consent management are core concepts of the PSD2 solution, and are defined with dedicated API endpoints in the Berlin Group specification.
The general mechanism for validating and authorizing consents is through a Redirect SCA Approach - utilising implicit start of the authentication…
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