Payment Initiation Service Provider definition

Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

Payment Initiation Service Provider means a payment service provider pursuing business activities as referred to in point (7) of Annex I;

Payment Initiation Service Provider or “PISP” means a Third Party Provider that provides a service in which the PISP gives instructions to us on your behalf to carry out an Account transaction on your Online Payment Account where payments can be made using Digital Banking.

Examples of Payment Initiation Service Provider in a sentence

• Nordea is not liable for the non-execution, defective or late execution of the Payment Transaction resulting from an act or omission of the Payment Initiation Service Provider.

• Payment Initiation Service Provider or PISP: means that Payment Service Provider the business activity of which is the provision of Initiation Payment Services.

• Payment Initiation Service is a service, where the Customer, initiates a Payment Transaction through the Payment Initiation Service Provider to be debited from the Customer’s Payment Account, which is accessible online as agreed between Nordea and the Customer.

• Payment Initiation Service Provider is a payment service provider registered as a payment institution which provides Payment Initiation Service.

• Limitation of liability for Payment Transactions initiated through a Payment Initiation Service If the Customer claims that Nordea has not executed a Payment Transaction initiated by the Customer through a Payment Initiation Service Provider in accordance with the CCM Agreement, the Customer must provide Nordea with information on the Payment Initiation Service Provider’s actions regarding the Payment Order and how the Payment Order has been delivered to Nordea.

More Definitions of Payment Initiation Service Provider

Payment Initiation Service Provider means the provider of an online service to initiate a Payment Order at the request of a payment service user (which could be you) 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 Provider means a payment service provider providing payment initiation services;

Payment Initiation Service Provider is a form of “TPP” who can facilitate payment initiation services including the submission and approval of payments. Related Bank “Related Bank” applies when the “Customer” has provided the “Bank” with authority to create accounts in their name with other Financial Institutions in order to support a specific Cash Management product. SCA “SCA” or “Strong Customer Authentication” refers to the Service provided by the Bank for Customers to correctly identify themselves and their “Authorised Representative” when accessing or using particular Cash Management Services. Schedule The “Schedule” is supplementary to The “Agreement” and governs the use of a specific “Service” or defines specific terms or legal context as part of the “Agreement”

Payment Initiation Service Provider means a type of regulated business who you can authorise to initiate payments to third parties directly from your Account;

Payment Initiation Service Provider means a payment service provider pursuing business activities as referred to in point (7) of Annex I of Directive (EU) 2015/2366;

Payment Initiation Service Provider means the payment initiation service provider with business activity related to payment initiation services pursuant to case g of article 4.3 of Law 4537/2018.