payment initiation service
as defined in Directive (EU) 2015/2366 of the European Parliament and of the Council of 25…, Article 4, point (15) (Definitions)
a 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;
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Also defined in
- Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on payment services in the internal market and… 52023PC0367, Article 3, point (20)
a service to place a payment order at the request of the payer or of the payee with respect to a payment account held at another payment service provider