Terminology
Explanation of frequently repeated terms.
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Abbreviation
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Description
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AISP
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Account Information Service Providers. A service that allows authorized third party access to a client's bank account info, including balance, transactions on the account and standing orders.
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API
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Application Programming Interface. Interfaces issued by a bank to allow third parties access to their clients' accounts. Using the API, third parties will register with the bank, access accounts, and execute payment operations
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IBAN
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International Bank Account Number
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PISP
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Payment Initiation Service Providers. Possibility to initiate a payment orders from a client's bank account using third party’s application
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PIISP (cPIISP)
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Card-based payment Instrument Issuer Service Providers. A service that allows third party to query whether the status of the funds on the client's account is enough to make certain payments. YES / NO is sent as a response to the question
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PSD2
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Payment Service Directive. The European Payment Service Directive defining third party access rules for bank clients' accounts
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PSU
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Payment Service User, bank client
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PSD2 API
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API services
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PSD2 IS
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Identity Server
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Resource
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Resource is addressable by URI (Uniform Resource Identifier)
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SBAS
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Slovak Banking API Standard
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SCOPE
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Operations regarding client's account. It is divided into three areas - PISP, AISP, PIISP (abbreviation under SBAS methodology)
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TPP
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Third Party Provider. Third party service provider in the PSD2 context. This is a specific merchant who provides one of the defined services
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TPP ID / CLIENT ID
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Unique identifier assigned to the TPP by the bank.
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