1. EBA shall, in close cooperation with the ECB and after consulting all relevant stakeholders, including those in the payment services market, reflecting all interests involved, develop draft regulatory technical standards addressed to payment service providers as set out in Article 1(1) of this Directive in accordance with Article 10 of Regulation (EU) No 1093/2010 specifying:
(d) the requirements for common and secure open standards of communication for the purpose of identification, authentication, notification, and information, as well as for the implementation of security measures, between account servicing payment service providers, payment initiation service providers, account information service providers, payers, payees and other payment service providers.
2. The draft regulatory technical standards referred to in paragraph 1 shall be developed by EBA in order to:
(a) ensure an appropriate level of security for payment service users and payment service providers, through the adoption of effective and risk-based requirements;
(b) ensure the safety of payment service users’ funds and personal data;
(c) secure and maintain fair competition among all payment service providers;
(d) ensure technology and business-model neutrality;
(e) allow for the development of user-friendly, accessible and innovative means of payment.
5. In accordance with Article 10 of Regulation (EU) No 1093/2010, EBA shall review and, if appropriate, update the regulatory technical standards on a regular basis in order, inter alia, to take account of innovation and technological developments