Trust services for financial service providers

Payment Services Directive 2 (PSD2)

The PSD2 aims to revolutionize the digital payments market by enabling services from third-party FinTech companies. Account Information Service Provider (AISP) can obtain bank account information by going through open APIs communicate electronically with banks. Payment Initiation Service Provider (PISP) Can go a step further and even perform the user initiated transactions with their platforms.

The new European Payment Service Directive 2 (PSD2) the use of the electronic seal. For example, when communicating contracts and changes to account management, the account-keeping office must provide documents with an electronic seal. The account statements with an electronic seal thus meet the tax law requirement that they cannot be changed.

You can find more information on the use of certificates in the   Regulatory Technical Standards on strong customer authentication and secure communication under PSD2.

Account statements with qualified electronic signature

Credit institutions in Germany can also provide their customers who are required to keep accounts with electronic account statements with a qualified electronic signature. This means that the paper extract that was previously necessary for the tax authorities is no longer necessary.

This option is available to all savings banks through Finanz Informatik GmbH & Co.. KG available since early 2015. In the Finanz Informatik data centers, bank statements are included on a large scale Sign Live! CC signature servers signed.

Nassauische Sparkasse (Naspa) is one of the first credit institutions in Germany to offer its customers this new service free of charge:
“It seems like a small step, but it is a big step forward for our customers. Because you can now design the entire workflow for your payment transaction processes completely electronically and thus save further costs. This is free of charge as part of the account management ", explains Naspa board member Bertram Theilacker, who is responsible for corporate customer business. “At the same time, we have made a valuable contribution to the fulfillment of our sustainability principle ´We act in a way that conserves resources and are committed to climate protection and the environment´. With the qualified electronic signature, customers can save 25,2 million sheets of paper extracts per year. That corresponds to a whopping 40.000 kilograms of paper ", says Theilacker. (Source:   Frankfurt-Live.com - The online society magazine from Frankfurt am Main)

More information is available at   www.naspa.de/e-kontoauszug.