Guides • Build Banking Apps
Glossary
Glossary
For the complete list of Open Banking terms, we recommend viewing the official glossary.
| Name | Term | Definition |
|---|---|---|
| TPP | Third Party Provider | Third Party Providers are organisations or natural persons that use APIs developed to Standards to access customer’s accounts, in order to provide account information services and/or to initiate payments. Third Party Providers are either/both Payment Initiation Service Providers (PISPs) and/or Account Information Service Providers (AISPs). |
| AISP | Account Information Service Provider | An Account Information Service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). |
| ASPSP | Account Servicing Payment Service Provider | Account Servicing Payment Service Providers provide and maintain a payment account for a payer as defined by the PSRs and, in the context of the Open Banking Ecosystem are entities that publish Read/Write APIs to permit, with customer consent, payments initiated by third party providers and/or make their customers’ account transaction data available to third party providers via their API end points. |
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