CBPII

Card Based Payment Instrument Issuer

CBPII

Service Providers

Card Based Payment Instrument Issuer

Definition

A Card Based Payment Instrument Issuer is a payment services provider that issues card-based payment instruments that can be used to initiate a payment transaction from a payment account held with another payment service provider. CBPIIs can confirm available funds before card transactions, helping merchants verify payment capability without accessing full account details.

Related Terms

Frequently Asked Questions

What is Card Based Payment Instrument Issuer?

A Card Based Payment Instrument Issuer is a payment services provider that issues card-based payment instruments that can be used to initiate a payment transaction from a payment account held with another payment service provider. CBPIIs can confirm available funds before card transactions, helping merchants verify payment capability without accessing full account details.

What does CBPII stand for in Open Banking?

CBPII stands for Card Based Payment Instrument Issuer. It is a fundamental concept in Open Banking and PSD2 regulations. A Card Based Payment Instrument Issuer is a payment services provider that issues card-based payment instruments that can be used to initiate a payment transaction from a payment account held with another payment service provider. CBPIIs can confirm available funds before card transactions, helping merchants verify payment capability without accessing full account details.

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