A TPP is a Third Party Provider authorised to provide information or payment related services on certain online accounts. The two types of TPP are Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs).
With your consent, AISPs can access your online account information via a secure online access process. An example of the type of service AISPs may offer is an online dashboard, where you can see your financial account information across multiple banks or card providers, in one place. You have to formally give your consent for an AISP to do this.
PISPs can make online payments on your behalf, as an alternative to paying using your debit or credit card. PISPs are only able to do this where you have given consent to the PISP and where you are able to make payments from your online account. We don't currently support this within our online account service, so PISPs will not be able to make payments on your behalf from your Capital One credit card.
Visit the FCA website opens in a new tab for more information.