What are ‘Third Party Providers’ (TPPs)?

There are three main types of TPPs:

  • Account Information Service Providers (AISP)
    These are organisations that provide account services to customers. They let you see your payment accounts online or via a mobile app. This includes your credit cards and bank accounts, but they can only do this with your consent.

  • Payment Initiation Service Providers (PISP)
    These are organisations that allow customers to initiate payments directly from their bank account to other bank accounts rather than using a debit or credit card through a third-party, such as Visa or MasterCard.

  • Card Based Payment Instrument Issuers (CBPII) & Confirmation of Funds 
    These organisations issue card-based payment instruments that can be used to initiate a payment transaction from a payment account held with another payment service provider (such as Barclaycard).
       CBPIIs may opt to carry out a Confirmation of Funds (CoF) check on your account before executing a transaction, but only if you’ve given explicit consent to the CBPII to perform this check. The consent request is initiated when you sign up for the CBPII product / service and is then fulfilled / declined via logging in to our online servicing platform.        This CoF check will inform the CBPII whether you have enough funds available on your account to execute a transaction. This can only occur once your consent has been given.        We constantly monitor the market and do not know of any CBPIIs that currently allow the possibility of integrating a credit / charge card for CoF checking.