Sycurio Glossary

Explore a comprehensive glossary of key terms and concepts related to PCI compliance and secure payments on Sycurio's platform.

Payment Initiation Services (PIS)

Payment Initiation Services (PIS) are financial services provided by third-party providers (TPPs) that enable users to initiate online payments directly from their bank accounts. These services are facilitated by regulations like the EU's Payment Services Directive 2 (PSD2), which aims to increase competition and innovation in the financial sector by allowing TPPs to access bank account information and initiate payments on behalf of customers.

Back to Glossary

Speak to an expert

Get in touch