This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthor

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Payment Initiation Service Provider
Payment Initiation Service Provider

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!!! Overview
[{$pagename}] ([PISP]) are defined in the [Payment Services Directive] as the [Service Providers] (actually a [Third Party Payment Service Providers]) initiating a payment on behalf of the [Payment Service User].
[{$pagename}] will be allowed to communicate securely with the [Payment Service User]'s [Account Servicing Payment Service Provider] (ie [Bank]) which hold the [Transaction Account] and seek information required for payment initiation.
[{$pagename}] will use software to link the [merchant]’s [website] or [Application] (think [Open Banking] [API]) with the [Payment Service User]'s [Account Servicing Payment Service Provider] for initiating payments.
[P2P] transfer and bill payment are [{$pagename}] services we are likely to see when [PSD2] is implemented.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop