payment initiation service
as defined in Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on…, 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
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Also defined in
- Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the… 32015L2366, Article 4, point (15)
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;