What is a Third Party Payment Service Provider (TPP)? | European Merchant Bank

A Third-Party Payment Service Provider, or TPP, is an authorised Payment Service Provider (PSP) that is able to access customer accounts and conduct transactions on behalf of businesses. The concept, Third-Party Payment Service Provider, is emerged from the Open Banking framework and is designated in PSD2.

There are two types of Third Party Providers (TPPs):
Payment Initiation Service Provider (PISP): A PISP enables customers to make online payments using their bank accounts, no credit card or debit card is necessary for payments.
Account Information Service Provider (AISP): An AISP enables institutions to access “read-only” financial data of a user or SME.

00:00 Intro
00:02 What is a Third Party Payment Service Provider (TPP)?
00:20 What is a Payment Initiation Service Provider (PISP)?
00:31 What is an Account Information Service Provider (AISP)?

EMBank Social Media