Difference between revisions of "Open Banking"
From MgmtWiki
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|Payment Service User (PSU) | |Payment Service User (PSU) | ||
| − | | | + | |Real World Entity |
|N/A | |N/A | ||
| − | | | + | |a natural or legal person making use of a payment service as a payee, payer or both |
|No | |No | ||
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|Legal Entity | |Legal Entity | ||
|PSP | |PSP | ||
| − | | | + | |provides 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 | ||
|- | |- | ||
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|Legal Entity | |Legal Entity | ||
|PSP | |PSP | ||
| − | | | + | |organisation or natural person 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 | ||
|- | |- | ||
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|Legal Entity | |Legal Entity | ||
|TPP | |TPP | ||
| − | | | + | |provide 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 | ||
|- | |- | ||
| Line 42: | Line 42: | ||
|Legal Entity | |Legal Entity | ||
|TPP | |TPP | ||
| − | | | + | |provide 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). |
|yes | |yes | ||
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Revision as of 10:04, 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 | Description | Access |
| Payment Service User (PSU) | Real World Entity | N/A | 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 | provides 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 | organisation or natural person 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 | provide 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 | provide 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). | yes |
Problems
Solutions
- The UK open banking specs are keep on an open source repository.[1]
