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 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 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;
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 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 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 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 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.
payment initiation service means the service consisting in submission of a Payment Order by virtue of which funds are transferred from the Current Account in the Payer's name. This Payment Initiation Service is provided via the Internet by a provider other than the Bank.
payment initiation service means a service to initiate a pay- ment at the request of the payment service user with respect to a pay- ment account held at another payment service provider;