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Account Information Service Provider (AISP)

An Account Information Service Provider, or AISP, is an intermediary financial institution authorised to access “read-only” financial data of an individual or SME and share it with other institutions. Account Information Service Providers (AISPs) are a part of the...

Account Servicing Payment Service Provider (ASPSP)

Account Servicing Payment Service Provider (ASPSP) is a financial institution that provides a payment account with online access. Account Servicing Payment Service Providers (ASPSPs) use APIs with “read-write” access to financial data. This enables trusted third...

Accumulative Account

An accumulative account is a type of bank account that is used for collecting funds for investment purposes. The funds inside the accumulative account cannot be used for payment but used for the investment instrument preferred by the account holder. In some countries,...

ACH as a Service

ACH as a Service, or Automated Clearing House as a Service, is a service model that puts bank-to-bank transfers in order on behalf of businesses. Although card and electronic payment methods seem to be dominant today, wire transfers and checks are still in broad use...

Agriculture Financing

Agriculture financing, or agrifinance, is a financing option for agricultural purposes. It aims to aid farmers to reduce the risk of their operations, increase their production and income. Agricultural financing also has an altruistic purpose as success in agriculture...

Alternative Payment Methods (APM)

APMs or Alternative Payment Methods are defined as any form of payment other than cash or major card networks such as Mastercard, Visa, etc. The most popular alternative payment methods are prepaid cards, digital wallets, mobile payments, and BNPL (Buy Now Pay Later)...

AML Audits

AML or Anti-Money Laundering is a regulation that governing bodies implement in order to ascertain that a company is not an accessory to money laundering. An AML Audit occurs when a company is put to the test to ensure that they have a proper Anti-Money Laundering...

Anti-Money Laundering (AML)

AML is a commonly used acronym in the financial industry for Anti-Money Laundering. It refers specifically to the set of rules and regulations that governing bodies implement to prevent money laundering in the financial and business sectors. Almost every country has...

API Banking

API banking is a protocol that enables a bank’s data to be accessed by third parties. The APIs used in banking are obliged to comply with governmental regulations. API Banking offers a fast and secure financial environment and paves the way for services such as...

Application Programming Interface (API)

Application Programming Interface, or API, is a type of software functioning as an intermediary communicator between multiple applications. It is essentially an interface between two programs, unlike a user interface that connects a user to a program. Regulated and...

Authorised EMI License

Authorised EMI License, or Authorised Electronic Money Institution License, is required for any EMI to conduct its operations as an Authorised EMI. The difference between a Small EMI License and Authorised EMI License is that the latter has extra capabilities to...

Authorised EMoney Institution

An Authorised EMoney Institution or otherwise known as an AEMI, is a type of financial institution authorised to issue e-money. AEMI’s are quite limited in the services they can provide to their customers. An AEMI can only provide payment services as well as hold...

Authorised Payment Institution

An authorised payment institution or API, is a designation by license across Europe which enables a company to offer payment services within a specified region. These payment services can include payment accounts, processing payments, merchant services, and payment...

Authorised PI License

Authorised PI License, or Authorised Payment Institution License, is necessary for any Authorised PI to provide payment services. Authorised PI License enables institutions to provide account information and payment initiation services as well as their core payment...

2022 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB

2022 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB