payment initiation service definition

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 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.

Examples of payment initiation service in a sentence

• You cannot revoke a payment order once it has been received by SweepBank or the Payment Initiation Service Provider if one was used.

• Cashfac PLC is a registered Account Information Service (AIS) and Payment Initiation Service (PIS) Provider (authorised Payment Institution) reference number FRN805666 at xxx.xxx.xxx.xx/xxxxxxxx.

• Prior to the use of the payment initiation service through the SweepBank Mobile App, you shall give your consent to SweepBank to execute a payment transaction through the Payment Initiation Service Provider.

• An Account Information Service Provider or a Payment Initiation Service Provider.

• You have the right to make use of a Payment Initiation Service Provider (a payment service provider which initiates a payment order at your request with respect to SweepBank bank accounts) in accordance with Section 38 a of the Payment Services Act to issue a payment order to SweepBank.

More Definitions of payment initiation service

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;

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.