Payment Initiation Services definition

Payment Initiation Services means services of the type described in Condition 2.4(a).

Payment Initiation Services means a service that allows you to instruct payments to be made from your account by a third party.

Payment Initiation Services means services of the type described in Clause 5.5.9 (a) (ii) “Payment Services” means such Services as We

Examples of Payment Initiation Services in a sentence

• You must have an Electronic Signature that allows You to make payments out of Your Account to use Payment Initiation Services.

• A provider of Payment Initiation Services should not receive funds at any stage of the Payment Transaction or issue Payment Instruments.

• If You use the services of a TPP to provide You with Payment Initiation Services then Clause 5.5.9 applies.

• Firms whose authorisation includes the provision of business activities as Payment Initiation Services and Account Initiation Services should also refer to the sectoral guideline 18.

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More Definitions of Payment Initiation Services

Payment Initiation Services means services of the type described in Clause 4.12;

Payment Initiation Services means an online service to initiate a Payment Order at the request of the User with respect to a Payment Account held at another Payment Service Provider, but does not include:

Payment Initiation Services means services of the type described in Clause 5.5.9 (a) (ii); “Payment Services” means such Services as We provide in relation to payments into and out of Your Account;

Payment Initiation Services means a service that allows you to instruct payments to be made from any of your relevant Bank Accounts which is a Payment Account by a third party.

Payment Initiation Services means services of the type described in Clause 5.5.9 (a) (ii)

Payment Initiation Services. (PIS) means all services facilitating the authorization or validation of an electronic fund transfer, a card payment or otherwise facilitating the execution of electronic transactions;

Payment Initiation Services has the meaning given to it in regulation 2(1) of the PSRs 2017;