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

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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.