Today, the Berlin Group announces a collaboration with nexo standards to align their standards as a support to the European Central Bank in the further design of the technical standards and implementation of the digital euro. Together, nexo and the Berlin Group’s standards support a fully harmonized payments value chain, from acceptance at the POI…
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The European market is facing a multitude of payment methods that all share comparable functionality, but with different customer interfaces, creating implementation challenges (and related costs), especially at bank IT systems. Today the Berlin Group announced in public that its PSD2 Open Banking standards already support new Open Finance schemes (e.g. EPC SPAA and giroAPI),…
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View detailsBankart joins the Berlin Group Bankart is the leading payments company in Slovenia. It was founded in 1997 and it provides ATM, POS, card, online, mobile and SEPA processing services to more than 20 banks and other financial institutions in 6 countries across Southeastern Europe. PSD2 XS2A is the latest service to be added to…
View detailsJ.P. Morgan joins the Berlin Group J.P. Morgan continues to build momentum in the Open Banking payments space in Europe by joining the Berlin Group. Sungmahn Seo, Managing Director and EMEA Head of Payments, commented: “The European payments landscape is undergoing huge structural changes at the moment and we are passionate about helping to foster…
View detailsCredorax from Malta joins the Berlin Group Credorax from Malta has recently decided to join the Berlin Group. Credorax: ”We are the fastest-growing cross-border merchant acquiring bank and processor, offering cross-border solutions to global merchants and payment service providers. Powered by next generation technology, Credorax provides smart acquiring and processing capabilities in more than 30…
View detailsSEPA Card Clearing Framework meets European standards At the instigation of the European Central Bank and the European Commission, the Cards Stakeholder Group (today’s European Cards Stakeholder Group ECSG) was set up in 2009 to develop and promote Europe-wide card payment standards. The ECSG pursues this goal through the maintenance and evolution of the SEPA…
View detailsRaiffeisen Group from Switzerland joins the Berlin Group Raiffeisen Schweiz has recently decided to join the Berlin Group. The Raiffeisen Group is the leading Swiss retail bank and the third largest force in the Swiss banking sector. Every other Swiss adult and every 3rd company is client of Raiffeisen. Raiffeisen Group is leader in mortgage…
View detailsPRESS RELEASE – Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework Today, the Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). Version 1.0 integrates extensive public market consultation feedback and is…
View detailsMastercard Europe joins the Berlin Group Mastercard Europe has recently decided to join the Berlin Group. Mastercard is well known as the international payment scheme and technology company in the global payments industry, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard aims to make everyday commerce activities…
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