What is an account information service? How apps read your bank data
By SendPay Business · · 2 min read
- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
An account information service provider (AISP) is a regulated firm that can read your bank account data, with your permission, through open banking. It can see balances and transactions but can't move money.
How it works
- You choose to connect your bank in an app, such as a budgeting or accounting tool.
- You're sent to your bank to log in and approve the access.
- The app gets read-only access to the accounts you picked.
- You can remove the access at any time, in the app or with your bank.
Common uses
Budgeting apps that pull in all your accounts, accounting software that matches bank transactions to invoices, and lenders that check income and spending when you apply for credit.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
AISP vs PISP
An AISP reads data. A payment initiation service provider (PISP) starts payments from your account. Some firms hold both permissions.
Where SendPay fits
SendPay platforms give your customers GBP, EUR and USD accounts, transfers and branded Visa cards under your own brand, powered by licensed partners.
How it works
Money on its way- 1Pick who to pay and type the amount
- 2Tap send and it is on its way
- 3It lands in their account
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
How much could pay by bank save?
Compare card fees with pay by bank on your own sales.
Pay by bank savings calculator →What is a payment initiation service?
The open banking service that moves money.
Payment initiation explained →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.