What is a Card Based Payment Instrument Issuer (CBPII) ?
A CBPII or Card-Based Payment Instrument Issuer facilitates the issuance of card-based payment instruments by third party providers that do not possess the cardholder's funds. Customers can use this card (typically a debit card) to initiate payments for goods and services directly from their bank account. However, CBPIIs have no visibility on the customers' funds and therefore cannot determine when to authorise or decline (debit) card transactions. With open banking, when a customer uses their card, the CBPII has a right to obtain confirmation from the customer’s ASPSP as to whether or not sufficient funds are available. The CBPII then uses that information to authorise or decline the card transaction.
Was this article helpful?
Friendly Score UK Ltd.
52 Brook Street 1st Floor, Mayfair
London W1K 5DS
Call us on +44 20 3709 6726
Company registered in England
Company number 09168668, ICO ZA111687
VAT registration number 206 9758 80
Authorised and Regulated by the Financial Conduct Authority. (FRN: 821100, 781963)