Full Title or Meme
Open Banking is both a concept and an actual implementation in the UK.
This page will address both
Definitions of interest from the UK
|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 to consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s).||yes|
- The UK open banking specs are keep on an open source repository.