[Openid-specs-fapi] EMV as a PSD2 compliant method

[Anders Rundgren]

On 2020-06-05 09:12, Dave Tonge wrote:
> Hi Anders
Hi Dave,
> 
> I think you are missing a key part of PSD2 PISPs - it's about "online access".
> ASPSPs only need to provide PISPs access to initiate payments via mechanisms available to the PSU online.

A Payment Gateway is also does "Payment Initiation" but only "downstream".  Unlike an online-only PISP, a PISP/GW is potentially applicable to any merchant-initiated payment scenario.

I'm certainly not an expert on PSD2 but I would be surprised if it explicitly said "online".  If it does, the regulators should reconsider their value proposition.

For the EURO-zone a licensed EMV PISP/GW supporting SEPA Inst would be a cool addition to the current payment landscape.

Anders

> 
> Other parts of PSD2 cover other payment methods, but not the sections on PISPs
> 
> Dave
> 
> On Fri, 5 Jun 2020 at 08:38, Anders Rundgren via Openid-specs-fapi <openid-specs-fapi at lists.openid.net <mailto:openid-specs-fapi at lists.openid.net>> wrote:
> 
>     AFAICT, EMV is fully aligned with PSD2.  The cards are [generally] issued by the ASPSPs and the payment terminal ("SCA application") are endorsed by the ASPSPs.  That is, there is no delegation of trust with respect to PSUs or their credentials.
> 
>     What could a PSD2 TPP do here? Presumably the same thing as Stripe, Worldpay, etc.  ("Payment Gateway"), but with the difference that it would only need to be licensed.
> 
>     If this is a viable business or not is another question but this seems equally relevant for the "traditional" PISP as well.
> 
>     So, how do we get EMV into the FAPI standard? :)
> 
>     Anders
> 
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