PIS stands for Payment Initiation Services. It is performed by a Payment Initiation Service Provider (“PISP”) who can, with the consent of the end-user, initiate a payment on their behalf between multiple accounts the end-user holds.
What is PIS?
Articles in this section
- How can I find out more on the legislation?
- Is there an alternative to being regulated for AIS?
- What if I’m not intending to show data back to end-users as an AIS?
- Do I need to be regulated to provide Account Information Services? (AIS)
- Is TrueLayer regulated under PSD2?
- Who regulates UK firms under PSD2?
- What is PIS?
- What is AIS?
- What is a PSU?
- What is a PSP?
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