Examples of Account Information Service Provider in a sentence
Account Information Service Provider – means a third party payment service provider who is authorised by or registered with the Financial Conduct Authority or another European regulator to provide online account information services, who, with your permission will be able to access certain online account information on one or more payment accounts held by you to give you a consolidated view of your payment accounts.
It explains the process of the consent a PSU (Payment Service User) is required to give for letting a TPP (Third Party Provider) in its role of AISP (Account Information Service Provider) access its account information and the actual account information services for which a consent is given.
Authorised Third Party Provider – Includes Account Information Service Provider and/or Payment Initiation Service Provider.
Directive (EU) 2015/2366 (PSD2) introduces two new payment services that can be passported within the EEA: payment initiation services (PIS) and account information services (AIS) (described in more detail in Chapter 17 – Payment initiation and account information services and confirmation of availability of funds); and a new type of firm: the Registered Account Information Service Provider (RAISP).
In order to support the European PSD2 directive and its proper implementation, the banks in the Czech market have decided to standardize their solutions.The aim of the Czech Standard for Open Banking is to lay down rules for communication, mainly for services defined by the PSD2: Account Information Service Provider (AISP), Payment Initiation Service Provider (PISP), Card Issuing Service Provider (PISP)The standard is designed and developed to maintain a high degree of versatility.