Supported Providers
Concepts
Payment Service User (PSU)
A Payment Service User (PSU) represents an end-user in the Formance connectivity system. PSUs serve as a way to associate accounts, payments, and connections with specific individuals or entities across different connector types. A PSU contains the following information:- ID: Unique identifier for the PSU
- Name: User’s full name (encrypted)
- Contact Details: Email, phone number, locale (encrypted)
- Address: Street name, street number, city, region, postal code, country (encrypted)
- Bank Account IDs: Associated traditional bank accounts
- Metadata: Additional custom information
- Created At: Timestamp of PSU creation
Connections
A connection represents the link between a Payment Service User (PSU) and their bank account(s) through an Open Banking provider. Key characteristics:- Usually, a user has one connection per bank
- There can be multiple accounts in a single connection
- The same account could be in different connections (joint accounts, guardianship, etc., but with different owners)