Payment service provider: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Add link.) |
||
| Line 15: | Line 15: | ||
<span style="color:#4B0082">'''''UK PSPs to remain in SEPA'''''</span> | :<span style="color:#4B0082">'''''UK PSPs to remain in SEPA'''''</span> | ||
:"Whatever shape Brexit takes, UK payment service providers (PSPs) will continue to take part in the Single Euro Payments Area (SEPA). | :"Whatever shape Brexit takes, UK payment service providers (PSPs) will continue to take part in the Single Euro Payments Area (SEPA). | ||
| Line 38: | Line 38: | ||
*[[Merchant]] | *[[Merchant]] | ||
*[[P2P]] | *[[P2P]] | ||
*[[Payment Interface Provider]] (PIP) | |||
*[[Payment system]] | *[[Payment system]] | ||
*[[Payment Systems Regulator]] | *[[Payment Systems Regulator]] | ||
Latest revision as of 21:07, 16 September 2022
Payment systems.
(PSP).
1.
Defined broadly, a payment service provider is an organisation that:
- provides payment services to others that are not participants in a payment system
- for the purposes of enabling the transfer of funds using the payment system.
2.
In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.
- UK PSPs to remain in SEPA
- "Whatever shape Brexit takes, UK payment service providers (PSPs) will continue to take part in the Single Euro Payments Area (SEPA).
- SEPA managing authority the European Payments Council (EPC) announced the decision in March, following an application that trade body UK Finance filed with the EPC late last year."
- The Treasurer magazine, Cash Management Edition April 2019, p8.
See also
- Aggregator
- AISP
- Authorised payment institution
- Brexit
- e-commerce
- European Association of Payment Service Providers for Merchants
- Faster Payments Service
- Fintech
- Indirect access
- Indirect access provider (IAP)
- Information technology
- Merchant
- P2P
- Payment Interface Provider (PIP)
- Payment system
- Payment Systems Regulator
- PISP
- Single Euro Payments Area
- TTP
