- Question ID
-
2021_6077
- Legal act
- Directive 2015/2366/EU (PSD2)
- Topic
- Strong customer authentication and common and secure communication (incl. access)
- Article
-
65
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) 2018/389 - RTS on strong customer authentication and secure communication
- Article/Paragraph
-
36(1)(c)
- Name of institution / submitter
-
Central Bank of Malta
- Country of incorporation / residence
-
Malta
- Type of submitter
-
Competent authority
- Subject matter
-
Confirmation of Funds (CoF) request by a PISP in case of batch processing system
- Question
-
With respect to confirmation of funds request made by a Payment Initiation Service Provider (PISP), in the event that the Account Servicing Payment Service Providers (ASPSP) makes use of a batch processing system, should the ASPSP take into account batches that are in the queue waiting to be processed at the point when the fund confirmation request is made?
- Background on the question
-
As per the EBA Opinion on the implementation of the RTS on SCA and CSC published on 13 June 2018, the EBA noted that the RTS on SCA and CSC does not make a distinction between batch and real time booking.
Furthermore, the EBA also noted that the ASPSP should also take into account any overdraft and incoming/outgoing payments when responding to a Confirmation of Funds (COF) request.
With reference to ASPSPs which make use of a batch processing system, if a PISP makes a COF request and at that point in time there is sufficient balance in the account, the ASPSP will provide a ‘yes’ confirmation. However, there may be instances where the PISP follows that request with a payment initiation which is queued for the next batch release and during this time, the account balance drops below the payment amount due to other batches which are at the front of the queue being executed.
Should the ASPSP also consider the batches which are already in the queue at that point in time when the CoF request is made by the PISP?
- Submission date
- Final publishing date
-
- Final answer
-
Article 36(1)(c) of the Commission Delegated Regulation (EU) 2018/389 requires account servicing payment service providers (ASPSPs) to immediately provide, upon request, payment service providers with a confirmation in a simple ‘yes’ or ‘no’ format, whether the amount
necessary for the execution of a payment transaction is available on the payment account of the payer.
Paragraph 25 of the EBA Opinion on the implementation of the RTS on SCA and CSC (EBA-Op-2018-04) clarified that the ASPSP, in determining whether to give a yes or no response to the request for confirmation required under Article 36(1)(c), needs to determine whether or not there are funds available, taking into account not only the balance available but also any overdraft and also any other data that the ASPSP uses to determine whether or not to execute a payment of one of its own customers, for instance any incoming/outgoing payments that will affect the balance or overdraft.
Therefore, if the ASPSP takes into account batch payments that are in the queue waiting to be processed when deciding whether or not to execute a payment initiated directly by the payment service user PSU, the ASPSP should also take into account such batch payments when providing a confirmation of funds to a payment initiation service provider in accordance with Article 36(1)(c) of the Delegated Regulation.
- Status
-
Final Q&A
Disclaimer
The Q&A refers to the provisions in force on the day of their publication. The EBA does not systematically review published Q&As following the amendment of legislative acts. Users of the Q&A tool should therefore check the date of publication of the Q&A and whether the provisions referred to in the answer remain the same.