Open Banking definition

Open Banking means a secure and simple way for a Donor to give a valuable donation to the Charity directly from the Donor’s bank account. Transactions are authorised from within the Donor's online or mobile banking app, using the Donor bank's own security to initiate the payment; Service : means our Open Banking payment services that enable Donors to make Donations to the Charity; Wonderful Organisation : means Wonderful Organisation, a non-profit company limited by guarantee under registered number 09818383, and operator of the Xxxxxxxxx.Xxx website

Open Banking means as part of the Consumer Data Right, the ability to share data held by ANZ. For more information on Open Banking, visit www.anz.com/datasharing.

Open Banking means the information provided by the EdAid customer to EdAid via nominated provider Plaid through which we will check your income, outgoings, credit and any history of fraud or money laundering. Connection to EdAid’s Open Banking nominated provider is compulsory to use the EdAid platform;

Examples of Open Banking in a sentence

• Our Open Banking partner(s) are authorised to provide these services.

• Your use of the software service provided by the PISP shall be subject to the terms and conditions set out in Annex 1 below The charge for an Open Banking Transaction shall be as indicated on the Statement of Work.

• You must comply with any terms and conditions that you have agreed with our Open Banking partner(s) in order to use their services.

• Open Banking and PSD2 both have shown that they have the potential to exacerbate a number of existing risks including data loss/data protection, cyber security, fraud and wider financial crime risk, which in turn could give rise to increased costs, litigation risk and risk of regulatory investigation and enforcement activity.

• When you use Open Banking services to initiate a payment from an account you hold with another provider: You must ensure that you enter your account access details accurately, to be able to successfully initiate payments to Remitly.

More Definitions of Open Banking

Open Banking means Open Banking Limited, a private company incorporated and registered in England with company number 10440081 whose registered office is at 2 Xxxxxx Xxxx Xxxxxx, Xxxxxx, Xxxxxx Xxxxxxx, X0X 0XX;

Open Banking means the practice of enabling secure interoperability in the banking industry by allowing third-party payment service and other service providers to request and/or initiate payment transactions, and access banking transactions and other data from banks and financial institutions with the consent of the banking customer;

Open Banking means the information provided by the Student to EdAid via nominated provider through which EdAid will check your income, outgoings, credit and any history of fraud or money laundering. Connection to EdAid’s Open Banking nominated provider is compulsory this engagement with EdAid; and

Open Banking means a service provided by a Third Party Provider to You that allows You to view Your Account alongside any other accounts You may have with other financial institutions.

Open Banking means as part of the Consumer Data Right, the ability to share data held by ANZ. Your Account may be eligible for Open Banking. For more information on Open Banking, and to see if your account is eligible, visit anz.com/datasharing

Open Banking means the process of Student providing certain information to EdAid through an EdAid-nominated third party provider in order for EdAid to confirm the Student’s information provided (including income, transactions and credit) and any evidence of fraud or money laundering.

Open Banking means a service, a part of Internet Banking service that enables User to use certified Third-Party services (TPS). The same basic principles and rules for usage apply to Open Banking as to Internet Banking. Transactions Mode means a set/package of rights that are conferred on User and allow User to view product-specific information and solely (i.e. individually) submit Orders and make payments within standard Limits. Informational Mode means a set/package of rights conferred on User and allowing User to view product-specific information in Internet Banking without the right to submit Orders. Products-Specific Rights means the rights conferred on User and allowing User to view products-specific information and/or submit Orders in Internet Banking. Authority to Sign means Customer-prescribed manner whereby Users submit Orders to Bank.