Difference between revisions of "Open Banking"
From MgmtWiki
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|Payment Service User (PSU) | |Payment Service User (PSU) | ||
| − | + | |N/A | |
| − | N/A | + | |A Payment Services User is a natural or legal person making use of a payment service as a payee, payer or both |
| − | A Payment Services User is a natural or legal person making use of a payment service as a payee, payer or both | + | |No |
| − | No | ||
|- | |- | ||
|Payment Service Provider (PSP) | |Payment Service Provider (PSP) | ||
| − | Legal Entity | + | |Legal Entity |
| − | N/A | + | |N/A |
| − | A legal entity (and some natural persons) that provide payment services as defined by PSD2 Article 4(11) | + | |A legal entity (and some natural persons) that provide payment services as defined by PSD2 Article 4(11) |
| − | Yes | + | |Yes |
|- | |- | ||
|Account Servicing Payment Service Provider (ASPSP) | |Account Servicing Payment Service Provider (ASPSP) | ||
| − | Legal Entity | + | |Legal Entity |
| − | PSP | + | |PSP |
| − | |||
|Account Servicing Payment Service Providers provide and maintain a payment account for a payer as defined by the PSRs and, in the context of the Open Banking Ecosystem are entities that publish Read/Write APIs to permit, with customer consent, payments initiated by third party providers and/or make their customers’ account transaction data available to third party providers via their API end points. | |Account Servicing Payment Service Providers provide and maintain a payment account for a payer as defined by the PSRs and, in the context of the Open Banking Ecosystem are entities that publish Read/Write APIs to permit, with customer consent, payments initiated by third party providers and/or make their customers’ account transaction data available to third party providers via their API end points. | ||
| − | Yes | + | |Yes |
|- | |- | ||
|Third Party Providers / Trusted Third Parties (TPP) | |Third Party Providers / Trusted Third Parties (TPP) | ||
| − | Legal Entity | + | |Legal Entity |
| − | PSP | + | |PSP |
|- | |- | ||
|Third Party Providers are organisations or natural persons that use APIs developed to Standards to access customer’s accounts, in order to provide account information services and/or to initiate payments. Third Party Providers are either/both Payment Initiation Service Providers (PISPs) and/or Account Information Service Providers (AISPs). | |Third Party Providers are organisations or natural persons that use APIs developed to Standards to access customer’s accounts, in order to provide account information services and/or to initiate payments. Third Party Providers are either/both Payment Initiation Service Providers (PISPs) and/or Account Information Service Providers (AISPs). | ||
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|- | |- | ||
|Payment Initiation Service Provider (PISP) | |Payment Initiation Service Provider (PISP) | ||
| − | Legal Entity | + | |Legal Entity |
| − | TPP | + | |TPP |
| − | A Payment Initiation Services Provider provides an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider. | + | |A Payment Initiation Services Provider provides an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider. |
| − | Yes | + | |Yes |
|- | |- | ||
|Account Information Service Provider (AISP) | |Account Information Service Provider (AISP) | ||
| − | Legal Entity | + | |Legal Entity |
| − | TPP | + | |TPP |
| − | An Account Information Service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). | + | |An Account Information Service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). |
|} | |} | ||
Revision as of 09:58, 28 July 2018
Full Title or Meme
Open Banking is both a concept and an actual implementation in the UK.
This page will address both
Context
Definitions of interest from the UK
| Element Name | Contents | Cat | Explanation for category | |
| ID | identifier unique within the db | 1 | required for internal lookups | |
| Payment Service User (PSU) | N/A | A Payment Services User is a natural or legal person making use of a payment service as a payee, payer or both | No | |
| Payment Service Provider (PSP) | Legal Entity | N/A | A legal entity (and some natural persons) that provide payment services as defined by PSD2 Article 4(11) | Yes |
| Account Servicing Payment Service Provider (ASPSP) | Legal Entity | PSP | Account Servicing Payment Service Providers provide and maintain a payment account for a payer as defined by the PSRs and, in the context of the Open Banking Ecosystem are entities that publish Read/Write APIs to permit, with customer consent, payments initiated by third party providers and/or make their customers’ account transaction data available to third party providers via their API end points. | Yes |
| Third Party Providers / Trusted Third Parties (TPP) | Legal Entity | PSP | ||
| Third Party Providers are organisations or natural persons that use APIs developed to Standards to access customer’s accounts, in order to provide account information services and/or to initiate payments. Third Party Providers are either/both Payment Initiation Service Providers (PISPs) and/or Account Information Service Providers (AISPs).
Yes | ||||
| Payment Initiation Service Provider (PISP) | Legal Entity | TPP | A Payment Initiation Services Provider provides an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider. | Yes |
| Account Information Service Provider (AISP) | Legal Entity | TPP | An Account Information Service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). |
Problems
Solutions
- The UK open banking specs are keep on an open source repository.[1]
