Fallback Mechanism
TechnologyDefinition
A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
Related Terms
Frequently Asked Questions
What is Fallback Mechanism?
A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
What does Fallback Mechanism stand for in Open Banking?
Fallback Mechanism is a key term in the Open Banking ecosystem. A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
How does Fallback Mechanism relate to Open Banking?
Fallback Mechanism is a key concept in the Open Banking ecosystem, falling under the Technology category. A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
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