# Konsentus Services

# PSP Checking Service

Konsentus facilitates checking the regulatory status and Identity Certificates (eIDAS/OBIE/OBHD) of Payment Service Providers (PSPs)

In the European Economic Area (EEA), ASPSPs operating under the second payment service directive (PSD2) 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:

  • 30 EEA National Competent Authority (NCA) Databases
  • 73+ Qualified Trust Service Providers
  • 2 EBA Central Registers

For non-EEA countries, ASPSPs operating under their nation open banking regulations also need to verify the identity and regulated status of PSPs prior to granting them acces to their API.

Konsentus provides a single consolidated source of data on all regulated organisations and makes this data available to ASPSPs through a simple RESTful API.

Last Updated: 7/28/2022, 12:08:08 PM