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How does Open Banking support bulk payments?

The initiation of bulk payments is supported under both Open Banking and <a href="/glossarycollection/the-second-payment-services-directive" style="color:#48277C;" target="_blank" title="The Second Payment Services Directive"><u>PSD2</u></a>. Corporate payments can be exempted from <a href="/glossarycollection/strong-customer-authentication" style="color:#48277C;" target="_blank" title="Strong Customer Authentication"><u>SCA</u></a> if the existing authentication method for corporate payments is 2FA and uses SCA equivalent security. Without an exemption bulk payments require distinct treatment compared to other Open Banking payments.

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