Request Payment Initiation
A Payment Initiation Service Provider (PISP) as defined under PSD2 is able to issue payment instruments and initiate online and mobile payments to beneficiaries (businesses or people) directly from the payer’s bank account.
Before accessing an account, however, a PISP must receive formal approval and consent from the user. A connection to the payer’s bank system is then required to access and debit the payment account through a payment instruction given by the PISP.
In the context of payment initiation, the PISP TPP discussed here are one and the same.
For each TPP member, BNP Paribas imposes a maximum API request limit of 1,000 requests per minute.