Eurobits Technologies, Bankin ', PPRO, Sofort and Trustly join forces and give rise to the European Third Party Suppliers Association (ETPPA), a new, non-profit entity that strengthens interests of Third Party Suppliers (TPP) around the Second Payment Services Directive (PSD2). The ETPPA formalizes, in this way, the coalition that already existed on the Future of the European Fintech (FoEF).
Originally created to join commitments around the request for changes concerning the first draft of the Regulatory Technical Standards (RTS) of the European Banking Authority (EBA), published in February 2017, the FoEF facilitates knowledge on the provisions governing the authentication by clients, on the one hand, and secure communication between TPPs and banks, on the other.
The PSD2 or Second Payment Services Directive, which aims to promote competitiveness and transparency in financial services (providing greater consumer protection) has served to clarify the business of TPP, in particular, and the interests of Fintech, in general.
Several members of the Future of the European Fintech (FoEF), attended on behalf of the interests of the TPP to the API Evaluation Group of the European Commission. FoEF was also invited to take the vacant post of Payment Initiation Services Provider (PISP) at the Euro Retail Payments Board (ERPB), a high-level body chaired by the European Central.
The European Association of Third Party Providers (ETPPA), has been configured efficiently and was born wanting to facilitate membership, very affordable, dividing into voting and non-voting members, to allow different levels of participation.
All the information about the European Third Party Suppliers Association (ETPPA) can be found at www.etppa.org