Third Party Providers


Read more about how third party providers can support you with Open Banking.


The EU Payment Service Directive 2 (PSD2) allows Third Party Payment providers to see information about accounts and payments made on your behalf. These services, with your permission, allow you to see all your bank accounts in one place in a mobile app or online.


There are two types of Third Party Provider’s – Account Information Service Provider and Payment Initiation Service Provider.

  • Account Information Services Provider (AISP) - Lets you see all of your account information from different bank accounts in one place online or in a mobile app. An AISP needs your explicit consent to provide you with these services.
  • Payment Initiation Service Providers (PISPs) – Lets you pay companies directly from your bank account rather than using your debit or credit card through a third party such as Visa or MasterCard. A PISP needs your explicit consent before providing you with this service.

It is entirely up to you whether you want to use a Third Party Payment Provider.


There are a number of companies that may provide these services, including high street banks but also companies who are not banks. The services need to be regulated so before you provide permission to a Third Party Provider:

  • Check they are registered on the FCA register
  • Check you are clear with the accounts they have access to
  • Check what they are using your data for