Open Banking

Glossary

Abbreviations	Service	Description
AISP	Account Information Service Provider	An AISP gathers information from one or more of your payment accounts, even if the accounts are held with different banks, in one place. An AISP can consolidate or aggregate your account information with your consent.
API	Application Programming Interface	An API is a set of tools for apps to communicate with each other. In open banking the APIs facilitate the exchange of data instructions safely and securely.
ASPSP	Account Servicing Payment Service Provider	An ASPSP is a payment service provider (PSP) that provides and maintains a payment account for a customer. This includes banks and building societies. AIB is an example of an ASPSP.
CBPII	Card Based Payment Instrument Issuer	A CBPII is a third party provider that can check to see if there is money in your online payment account. The response we give to the third party provider is a ‘Yes’ or ’No’ answer only. This type of third party provider will never have access to your account balance.
PISP	Payment Initiation Service Provider	A PISP can make payments directly from your bank account instead of using a debit or credit card with your consent.
PSP	Payment Service Provider	A PSP carries out regulated payment services, such as those described in this glossary.
SCA	Strong Customer Authentication	SCA is a secure, digital way to confirm it’s you using your Card online. SCA is an extra layer of security for your payment account and it is sometimes called Two Factor Authentication.
TPP	Third Party Provider	A TPP is an authorised or registered payment service provider (PSP). There are different types of TPPs (AISP, PISP and CBPII) which we explain in this glossary.

How will Open Banking help me?

You can make payments directly from your Bank account.

If you’re buying something online from a retailer or other provider they may offer you the option to pay directly from your bank account using a TPP, meaning you don’t have to input your debit or credit card details.

Shop around for new products and services

Think about the last time you were shopping around for a new financial product or service. Open Banking allows you to give access TPPs to view your account information, to enable them to tailor a product or service to meet your needs.

Staying safe and secure

We use high levels of industry standard security to ensure you can access your accounts with utmost confidence, and Open Banking runs on robust technology using APIs, designed with your security foremost in mind.

If you decide to use a TPP you will be redirected to a secure Allied Irish Bank (GB) website and asked to verify your identity by logging in. You will then authorise the sharing of your information or make a payment to that particular TPP. Find out more about how to stay safe with TPPs on our Security Centre.

You will always be in control. You will decide which TPPs, if any, can access your accounts, for how long and what they can do to meet your needs. It is vitally important that you trust the TPP you are using.

What is a Third Party Provider (known as TPP)?

A TPP is an authorised or registered payment service provider (PSP). There are different types of TPPs including AISPs, CBPIIs and PISPs which we explain above. TPPs are online service providers who can access your online payment accounts and/or make payments on your behalf, if you give them the permission to do so.

TPPs are independent of you and your bank. You should check whether a TPP is authorised or registered. It is important to check this to ensure your financial information is safe and secure. You can check on the Financial Conduct Authority’s website.

How do I use Third Party Providers (TPPs)?

TPPs are independent of you and your bank. You should check whether a TPP is authorised or registered. It is important to check this to ensure your financial information is safe and secure. You can check on the Financial Conduct Authority’s website.

If you allow a TPP to access your account information, to see if there is money in your account or make a payment on your behalf, you will be re-directed to a secure part of our website so that we can confirm your identity using SCA. To complete this authentication step follow the instructions which appear on screen.

What information can I share with a Third Party Provider (TPP)?

You can share any payment account that can be accessed through online banking services with a TPP. A payment account is an account that can be used to make payments to third parties. Examples are current accounts, credit card accounts, some deposit accounts and e-money accounts.

If you have a joint or multi-party account that you use through online banking, each account holder can give a TPP access to that account information. With the permission of just one account holder, we may give a TPP access to joint/multi-party account information. It is up to the account holder who has allowed the TPP, to tell all other account holders that the third party has access.

Of course, you can remove access at any stage by instructing your TPP or alternatively undertake this yourself through Online Banking or iBB.

If you have any questions about the security of your account please phone our Customer Service team immediately on

+44 (0)345 600 5204 Monday - Friday 0900 to 1700 (Excluding Bank Holidays).

What does ‘availability of funds’ mean?

What are VRPs (Variable Recurring Payments)

Variable Recurring Payments (VRPs), also known as sweeping, is the automatic transfer of money between a customer’s own accounts, such as moving surplus funds into a separate savings account or using them to repay a loan or overdraft to cut the cost of borrowing. When you give authority to a TPP for a VRP you can agree maximum amounts for these recurring payments that the TPP can make on your behalf. After you have set up VRP with a TPP you can manage VRP consents through the ‘Open banking connected services’ option in Online Banking. VRP are not available to iBB users.

Managing my Open Banking

If you have given consent to a TPP to access your account information, you can manage this in the following ways.

Online banking users through the 'Open banking connected services' option within their online banking.

iBB users can manage TPP access through ‘Open banking connected services' settings within iBB. You will be able to view a list of the TPPs to which you have provided access to, together with what information you have shared.

Of course, you can remove access at any stage by instructing your TPP or alternatively undertake this yourself through Online Banking or iBB.

How long will a Third Party Provider (TPP) have access to my accounts?

You control the access a TPP will have to your accounts. Unless you grant indefinite access to a TPP, you will have to be involved every time the TPP accesses your account.

If you want, you can give an AISP permission to access your payment accounts for a set amount of time or indefinitely. Indefinite means the consent will never expire. During this time they may access your accounts up to four times a day without your direct involvement. They can check your account activity without you having to log-on as well.

Like AISPs you can also give a CBPII access to carry out a funds check on your account for a set amount of time or indefinitely. During this time the CBPII can access your account until the date you have set or you remove their access.

You can take access away from AISPs and CBPIIs through the ‘Open banking connected services' on your online banking or iBB.

If you are using a PISP, you have to be involved in every transaction when the PISP contacts us on your behalf. A PISP cannot have ongoing access to your account, unless you have agreed to a Variable Recurring Payment (VRP) consent with the TPP.

Performance and availability statistics

The performance and availability statistics of our dedicated interface can be found here.

The following abbreviations have been used:

AISP – Account information service provider
PISP – Payment initiation service provider
CBPII – Card-based payment instrument issuer

Help and guidance

Talk to us

Important Information

Related Products

iBusiness Banking

Online Banking

AIB Security Centre