Account information service (AIS)

Roles that need it

• Product Owner (Banking)
• Payments Partnerships Manager (Acquiring & Gateways)
• Regulatory Change Analyst
• Data Protection Specialist

Skills it belongs to

• Payments and cards products (schemes, chargebacks, PSD2, open banking)
• API design and integration
• Data protection and privacy law (GDPR, CCPA, DPDP)

Related concepts

• Open bankingOpen banking is the secure sharing of payment account data, and the initiation of payments, by authorised third-party providers with the customer's consent, through bank interfaces that are usually APIs. In the EU it stems from PSD2, and in the UK from a 2017 competition order. Its extension to savings, investments and pensions is called open finance.
• Payment initiation service (PIS)A payment initiation service (PIS) initiates a payment order, at the user's request, from a payment account held with another provider, for example a checkout button that starts a credit transfer from the shopper's bank account. Under PSD2 the provider (PISP) needs authorisation, and the bank must treat its orders like those the customer sends directly.
• PSD2 (Second Payment Services Directive)The second Payment Services Directive, Directive (EU) 2015/2366 (PSD2), is the EU law on payment services and their providers, applicable since January 2018. It sets authorisation, transparency, execution time and liability rules, created regulated payment initiation and account information services, and required strong customer authentication. PSD3 and the PSR will replace it.

Sources

• Directive (EU) 2015/2366 on payment services in the internal market (PSD2), EUR-Lex (external site) accessed 31 Oct 2026
• Commission Delegated Regulation (EU) 2018/389 on strong customer authentication and common and secure communication, EUR-Lex (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.