DGAP-News: UMT AG joins European initiative 'Berlin Group NextGenPSD2' for the standardization of interfaces in payment transactions
DGAP-News: UMT United Mobility Technology AG
/ Key word(s): Miscellaneous
Munich, 25 November 2019
UMT AG joins European initiative "Berlin Group NextGenPSD2" for the standardization of interfaces in payment transactions This is the second EU-wide payment services directive that came into force on 13 January 2018 and regulates fees, security standards and data exchange between banks and third-party providers, among other things. In future, it will be possible for regulated third-party providers to request account information from customers, for example, in order to make cover requests for cashless payment transactions. Until now, only banks had sovereignty over account information. Standardized digital interfaces - so-called APIs - are required to enable data exchange. The Directive leaves the technical nature of the interface open, leaving also the design of a standard to market participants. The most widespread standard is the NextGenPSD2 framework of the Berlin Group with a market share of 78%. By joining the NextGenPSD2 initiative of the Berlin Group, UMT contributes to the spread of modern and secure cashless digital payment transactions. The UMT United Mobility Technology AG share (GSIN A2YN70, ISIN DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Boerse AG.
25.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | UMT United Mobility Technology AG |
Brienner Straße 7 | |
80333 München | |
Germany | |
Phone: | +49 (0) 89 20 500 680 |
Fax: | +49 (0) 89 20 500 555 |
E-mail: | [email protected] |
Internet: | www.umt.ag |
ISIN: | DE000A2YN702 |
WKN: | A2YN70 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 919571 |
End of News | DGAP News Service |
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919571 25.11.2019
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