payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;
payment initiation service means a service to place a payment order at the request of the payer or of the payee with respect to a payment account held at another payment service provider;
payment initiation service means a payment service enabling access to a payment account provided by a third party payment service provider, where the payer can be actively involved in the payment initiation or the third party payment service provider’s software, or where payment instruments can be used by the payer or the payee to transmit the payer’s credentials to the account servicing payment service provider;
Examples of payment initiation service in a sentence
Payment Initiation Service Provider – A third party payment service provider which is authorised by its Regulator to provide Payment Initiation Services to you with your explicit consent and under a separate agreement which you have signed with them.
Authorised Third Party Provider – Includes Account Information Service Provider and/or Payment Initiation Service Provider.
More Definitions of payment initiation service
payment initiation service means the payment initiation service (offered by a third provider to the Customer) upon the request of the Customer-payment services user as regards the payment account held with the Bank.
payment initiation service means an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider; “Payment Initiation Service Provider” or (“PISP”) is a payment service provider who supplies a Payment Initiation Service;
payment initiation service means a service to initiate a Payment Order at the request of the Customer, with respect to a Payment Account, which is offered to the Customer on the basis of a contractual relationship.
payment initiation service the service for the initiation of the payment order following the request of the payment services user in relation to the payment account, which is held in another Payment Services Provider,
payment initiation service means, for the purposes of this Act, an online service to initiate, over the internet, a payment order at the request of a payment service user with respect to a payment account held at another payment service provider.
payment initiation service means the payment service, where a payment order is initiated from a payment account with the Bank upon request of the Client.
payment initiation service means a service whereby a third party authorised to do so hands over to the Bank, in the Client’s name and via Internet, a Payment Order to the debit of an account that can be accessed via Internet banking.