Payment Initiation Services definition
Examples of Payment Initiation Services in a sentence
Payment Initiation Services – an online service which accesses your Monese Account to initiate the transfer of funds on your behalf.
If the order pertains to a Direct Debit or the order for debiting the Customer’s account is transmitted to the Bank by the payee (or through the payment services provider of the payee) or through the Payment Initiation Services Provider, the order cannot be revoked without the payee’s consent.
If the order for debiting the account is transmitted to the Bank by the payee or through the payment services provider of the payee or through the Payment Initiation Services Provider, it cannot be revoked after the point in time when the Customer or/and the Enterprise gives his consent for the execution of the payment transaction.
Mastercard Payment Initiation Services Provider Personal Details/Personal Data Mastercard Europe sprl, the payment network applicable to the Card.
Payment Initiation Service Provider – a third party payment service provider which is authorised by its regulator to provide Payment Initiation Services to you with your explicit consent and under a separate agreement that you’ve entered into with them.