PSP Checking Service
Konsentus facilitates checking the regulatory status and eIDAS Certificates of Payment Service Providers (PSPs)
Under PSD2, ASPSPs can only share data with regulated third-parties. Therefore every time a PSP makes a request to access an ASPSP's API they must check the identity and regulatory status of the PSP.
It is estimated that there are in excess of 100 databases that need to be referenced to check the regulatory status of a PSP, which comprise of:
- 31 EEA National Competent Authority (NCA) Databases
- 73+ Qualified Trust Service Providers
- 1 EBA Central Register
Konsentus provides a single consolidated source of data on all regulated organisations (known as the Konsentus Regulatory Database) and makes this data available to ASPSPs through a simple RESTful API.