Overview#
Third Party Payment Service Provider (TPP) is a Payment Service Provider (PSP) that is the third-party.The consumer of services is the "first-party" and the Account Servicing Payment Service Provider is the "Second-Party"
Third Party Payment Service Provider is considered "Trusted" under PSD2 if they are "Duly Licensed" Under PSD2 there are two types of Third Party Payment Service Providers (TPPs):
- Account Information Service Providers (AISP) - which provides information about your accounts and balances
- Payment Initiation Service Provider (PISP) - initiate payments without going through the traditional Payment Network.