A2A
ServicesAccount-to-Account Payments
Definition
Account-to-Account (A2A) payments are transfers made directly from one bank account to another without using card networks. In open banking, A2A payments are initiated via Payment Initiation Services (PIS): the payer approves the payment through their bank, and funds move between accounts, often with instant or same-day settlement. A2A is another name for Pay by Bank or bank transfer payments.
Related Terms
PIS
Payment Initiation ServicesPayment Initiation Services are services that allow a third-party provider to initiate payments from...
Pay by Bank
Pay by Bank is the consumer-facing name for payment initiation: the customer pays directly from thei...
Instant Payments
Instant Payments / Real-Time PaymentsInstant Payments are electronic payments that are processed, cleared, and settled within seconds, 24...
Frequently Asked Questions
What is Account-to-Account Payments?
Account-to-Account (A2A) payments are transfers made directly from one bank account to another without using card networks. In open banking, A2A payments are initiated via Payment Initiation Services (PIS): the payer approves the payment through their bank, and funds move between accounts, often with instant or same-day settlement. A2A is another name for Pay by Bank or bank transfer payments.
What does A2A stand for in Open Banking?
A2A stands for Account-to-Account Payments. It is a fundamental concept in Open Banking and PSD2 regulations. Account-to-Account (A2A) payments are transfers made directly from one bank account to another without using card networks. In open banking, A2A payments are initiated via Payment Initiation Services (PIS): the payer approves the payment through their bank, and funds move between accounts, often with instant or same-day settlement. A2A is another name for Pay by Bank or bank transfer payments.
More Services Terms
PIS
Payment Initiation ServicesPayment Initiation Services are services that allow a third-party provider to initiate payments from...
AIS
Account Information ServicesAccount Information Services allow third-party providers to access account data (such as balances an...
Sweeping
Sweeping is the automated movement of a customer's funds between two accounts in their name, such as...
VRP
Variable Recurring PaymentsVariable Recurring Payments let customers safely connect authorised payments providers to their bank...
Instant Payments
Instant Payments / Real-Time PaymentsInstant Payments are electronic payments that are processed, cleared, and settled within seconds, 24...
CoF
Confirmation of FundsConfirmation of Funds is a service that allows a CBPII to request confirmation from an ASPSP that su...
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