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  • Payment Initiation Service Provider (PISP)

    • AU-1.2.23

      Payment Initiation Service Provider (PISP) refers to a person licensed by the CBB to initiate payment or credit transfers for the customer from an account held with a licensed bank, financing company or PSP.

      Amended: October 2019
      Amended: January 2019
      Added: December 2018

    • AU-1.2.24

      The role of a PISP is restricted to providing the technology or other means in order to initiate a payment order and the handling of communication or electronic documents between the customer and the licensees should the terms of the offer include such services. PISPs must not receive or otherwise handle customer funds in the course of providing payment initiation information services.

      Added: December 2018