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What's a PISP and how does it relate to Open Banking TPP services?


Payments Initiation Service Provider (PISP) - You’ll be able to make SEPA payments or Inter Account Transfers through a PISP using a credit transfer process. The transfer is requested directly from your account without the need for credit or debit card details.

These payments can only be made if you’ve set up the required permissions through Bankline. All existing Bankline payment limits and controls such as Smartcard confirmation will still apply.

Within Bankline this will be referred to as ‘Third Party Provider Payments’.

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