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?
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.