Difference between revisions of "Open Banking"
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Definitions of interest from the UK | Definitions of interest from the UK | ||
{|border="1" padding="2" width="799px" | {|border="1" padding="2" width="799px" | ||
| − | | | + | | Entity Name || Type || Cat|| Explanation for category |
|- | |- | ||
|ID || identifier unique within the db || 1 || required for internal lookups | |ID || identifier unique within the db || 1 || required for internal lookups | ||
|- | |- | ||
|Payment Service User (PSU) | |Payment Service User (PSU) | ||
| + | |Natural Person | ||
|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 | ||
| Line 31: | Line 32: | ||
|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). | ||
| − | Yes | + | |Yes |
|- | |- | ||
|Payment Initiation Service Provider (PISP) | |Payment Initiation Service Provider (PISP) | ||
Revision as of 10:00, 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
| Entity Name | Type | Cat | Explanation for category | |
| ID | identifier unique within the db | 1 | required for internal lookups | |
| Payment Service User (PSU) | Natural Person | 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]
