PSP
Service ProvidersPayment Services Provider
Definition
A Payment Services Provider is an entity which carries out regulated payment services, including AISPs, PISPs, CBPIIs and ASPSPs. PSPs must be authorized by the relevant competent authority to operate in their jurisdiction.
Related Terms
AISP
Account Information Service ProviderAn Account Information Service Provider provides account information services as an online service t...
PISP
Payment Initiation Services ProviderA Payment Initiation Services Provider provides an online service to initiate a payment order at the...
ASPSP
Account Servicing Payment Service ProviderAccount Servicing Payment Service Providers provide and maintain payment accounts for payers as defi...
CBPII
Card Based Payment Instrument IssuerA Card Based Payment Instrument Issuer is a payment services provider that issues card-based payment...
Frequently Asked Questions
What is Payment Services Provider?
A Payment Services Provider is an entity which carries out regulated payment services, including AISPs, PISPs, CBPIIs and ASPSPs. PSPs must be authorized by the relevant competent authority to operate in their jurisdiction.
What does PSP stand for in Open Banking?
PSP stands for Payment Services Provider. It is a fundamental concept in Open Banking and PSD2 regulations. A Payment Services Provider is an entity which carries out regulated payment services, including AISPs, PISPs, CBPIIs and ASPSPs. PSPs must be authorized by the relevant competent authority to operate in their jurisdiction.
More Service Providers Terms
AISP
Account Information Service ProviderAn Account Information Service Provider provides account information services as an online service t...
ASPSP
Account Servicing Payment Service ProviderAccount Servicing Payment Service Providers provide and maintain payment accounts for payers as defi...
API Provider
An API provider is a service provider implementing an Open Data API. An API provider provides Open D...
API User
An API User is any person or organisation who develops web or mobile apps which access data from an ...
CBPII
Card Based Payment Instrument IssuerA Card Based Payment Instrument Issuer is a payment services provider that issues card-based payment...
Mandatory ASPSP
Mandatory Account Servicing Payment Service ProviderMandatory Account Servicing Payment Service Providers are entities that are required by the CMA Orde...
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