The access to account lifecycle

Lifecycle

The access to account lifecyle has five stages. Firstly, both parties must be regulated and properly published in the Home Member State’s register. Then they must get a certificate. Then they must interact with the bank, to get documentation and test that all credentials work properly. At this point the actual Account Access can take place, with a real PSU initiating a payment or requesting Account Information. Finally there is always transaction follow up, whether simply reporting or whether disputes and reconciliations.