In order to give permission, you provide a proper ‘explicit consent’ . The way it works is that you get redirected to an internal ING secured dedicated website where you do select the country of your ING account (ING Luxembourg). You then click ‘Next’ and you get access to an authentication page. Per default, the Luxtrust Token authentication page will be displayed allowing you to put your credentials (User ID, Password, OTP), but you can still select another authentication mean such as Luxtrust Mobile App, Luxtrust Smartcard, LuxTrust Scan or also Luxtrust Signing stick, if you want to.
From that moment on, you can then, depending of the service:
- select which account you want to grant access to for a 90 days period (Account Information Services)
- select which account you want to use to initiate a payment every time you do so (Payment Initiation Services)
- select which account you want to grant access to for an unlimited period of time until revocation (Confirmation Availability of Funds)
Only then does another company have access to your payment accounts. So you see, you don't just give permission. You really have to do something for that yourself ! And if you do not give permission to another company, nothing will change for you.
For further details, here are the 3 different services that you can give permission for:
1. Account Information Services: For requesting your transactions and balance of your payment accounts.
For example, an app that shows you clearly what you spend your money on. We then share your transaction data and your balance.
Account and transaction data include:
- Beneficiary’s account number
- Description or payment reference
- Amount and date of the transaction
2. Payment Initiation Services: For payments via the platform of another company.
You can order web shops or payment apps to make payments from your Payment account at ING. You always give the final approval for such a payment yourself using your usual way of authentication. So another company cannot make payments from your account without your permission.
3. Confirmation Availability of Funds: Another company can inquire check balance information to know whether there is enough money in your Payment Account at ING to carry out the card transaction for that transaction.
You can give permission to a company to check. ING will then only indicate with a ‘yes’ or ‘no’ if there is enough money in your Payment account.