Voluntary ASPSP
Service ProvidersVoluntary Account Servicing Payment Service Provider
Definition
Voluntary Account Servicing Payment Service Providers are those entities who, although not obliged to enrol with Open Banking, have elected to do so in order to utilise the Standards to develop their own APIs, to enrol onto the Open Banking Directory, and to use the associated operational support services.
Related Terms
ASPSP
Account Servicing Payment Service ProviderAccount Servicing Payment Service Providers provide and maintain payment accounts for payers as defi...
Mandatory ASPSP
Mandatory Account Servicing Payment Service ProviderMandatory Account Servicing Payment Service Providers are entities that are required by the CMA Orde...
Directory
Open Banking DirectoryThe Open Banking Directory is the core infrastructure of the Open Banking ecosystem – enabling parti...
Frequently Asked Questions
What is Voluntary Account Servicing Payment Service Provider?
Voluntary Account Servicing Payment Service Providers are those entities who, although not obliged to enrol with Open Banking, have elected to do so in order to utilise the Standards to develop their own APIs, to enrol onto the Open Banking Directory, and to use the associated operational support services.
What does Voluntary ASPSP stand for in Open Banking?
Voluntary ASPSP stands for Voluntary Account Servicing Payment Service Provider. It is a fundamental concept in Open Banking and PSD2 regulations. Voluntary Account Servicing Payment Service Providers are those entities who, although not obliged to enrol with Open Banking, have elected to do so in order to utilise the Standards to develop their own APIs, to enrol onto the Open Banking Directory, and to use the associated operational support services.
How do I work with a Voluntary ASPSP?
To work with Voluntary Account Servicing Payment Service Provider services, you typically need to integrate with their APIs or use an API aggregator that provides Voluntary ASPSP capabilities. Many aggregators in our directory offer Voluntary ASPSP services with unified APIs across multiple banks.
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ASPSP
Account Servicing Payment Service ProviderAccount Servicing Payment Service Providers provide and maintain payment accounts for payers as defi...
API Provider
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CBPII
Card Based Payment Instrument IssuerA Card Based Payment Instrument Issuer is a payment services provider that issues card-based payment...
Mandatory ASPSP
Mandatory Account Servicing Payment Service ProviderMandatory Account Servicing Payment Service Providers are entities that are required by the CMA Orde...
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