Millennium bug and PISP: Difference between pages

Latest revision as of 10:59, 4 June 2018

Payment systems - PSD2.

A Payment Initiation Service Provider, regulated under PSD2.

PISPs are one of two new types of third party provider (TPP) under PSD2, the other being AISPs.

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-A perceived problem with computers around 31 December 1999, relating to the way in which they store dates.
+''Payment systems - PSD2''.
-The problem was that years were stored in some systems as two digits - for example '99' - rather than as four digits ('1999' in this case).
+A Payment Initiation Service Provider, regulated under PSD2.
-The concern was that date-dependent computer systems might fail around 1 January 2000, if they mis-coded or mis-interpreted the date.
+PISPs are one of two new types of third party provider (TPP) under PSD2, the other being AISPs.
-Some concerned individuals and businesses withdrew their funds from banks around this period.
+== See also ==
+*[[Aggregator]]
+*[[AISP]]
+*[[Authorised payment institution]]
+*[[e-commerce]]
+*[[Faster Payments Service]]
+*[[Fintech]]
+*[[Information technology]]
+*[[P2P]]
+*[[Payment service provider]]
+*[[Payment system]]
+*[[PSD2]]
+*[[Third party provider]]
+*[[TTP]]
-Also known as the 'Y2K bug'.
+[[Category:Accounting,_tax_and_regulation]]
-==See also==
-*[[Millennials]]
-*[[Y2K]]