CAPS as a concept was developed after the initial release of PSD2 and has since been continuously evolved by a growing number of stakeholders, with a focus on developing the framework and defining services, as well as further refining APIs and procedures.
Together, Nets and other EU-based companies in the open CAPS initiative have been working towards forming an open framework which specifies a set of ‘access to account’-related services complementing the PSD2 compliance requirements.
The first CAPS white paper released August 2015 was a milestone for operationalising PSD2, and the second edition follows the same principles, although with new descriptions on details and structures. Naturally, the framework will be updated to reflect the recent release by the European Banking Authorities (EBA) of the draft regulatory technical standards for strong customer authentication and secure communication.
Read the white paper #2 here or on CAPS’ website. The site promotes the joint initiative by the companies behind.