Payment service provider: Difference between revisions
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imported>Doug Williamson (Link with e-commerce page.) |
imported>Doug Williamson (Link with Approved payment institution page.) |
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== See also == | == See also == | ||
*[[Aggregator]] | *[[Aggregator]] | ||
*[[Approved payment institution]] | |||
*[[e-commerce]] | *[[e-commerce]] | ||
*[[Faster Payments Service]] | *[[Faster Payments Service]] | ||
Revision as of 11:44, 18 March 2017
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.
