Abbreviations |
Service |
Description |
AISP |
Account Information Service Provider |
An AISP gathers information from one or more of your payment accounts, even if the accounts are held with different banks, in one place. An AISP can consolidate or aggregate your account information with your consent. |
API |
Application Programming Interface |
An API is a set of tools for apps to communicate with each other. In open banking the APIs facilitate the exchange of data instructions safely and securely. |
ASPSP |
Account Servicing Payment Service Provider | An ASPSP is a payment service provider (PSP) that provides and maintains a payment account for a customer. This includes banks and building societies. AIB is an example of an ASPSP. |
CBPII | Card Based Payment Instrument Issuer
|
A CBPII is a third party provider that can check to see if there is money in your online payment account. The response we give to the third party provider is a ‘Yes’ or ’No’ answer only. This type of third party provider will never have access to your account balance. |
PISP | Payment Initiation Service Provider | A PISP can make payments directly from your bank account instead of using a debit or credit card with your consent. |
PSP | Payment Service Provider | A PSP carries out regulated payment services, such as those described in this glossary. |
SCA | Strong Customer Authentication | SCA is an extra layer of security for your payment account. It is sometimes called Two Factor Authentication, and it helps fight fraud. |
TPP | Third Party Provider | A TPP is an authorised or registered payment service provider (PSP). There are different types of TPPs which we explain in this glossary. |