Continuous payment authority: Difference between revisions
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(Create page - source - Financial Ombudsman Service - https://www.financial-ombudsman.org.uk/businesses/complaints-deal/banking-and-payments/continuous-payment-authorities) |
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*[[Open finance]] | *[[Open finance]] | ||
*[[Payment Systems Regulator]] (PSR) | *[[Payment Systems Regulator]] (PSR) | ||
*[[Standing order]] | |||
*[[Variable recurring payment]] (VRP) | *[[Variable recurring payment]] (VRP) | ||
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==Other resource== | ==Other resource== | ||
*[https://www.financial-ombudsman.org.uk/businesses/complaints-deal/banking-and-payments/continuous-payment-authorities Financial Ombudsman Service - Complaints we deal with - Continuous payment authorities] | *[https://www.financial-ombudsman.org.uk/businesses/complaints-deal/banking-and-payments/continuous-payment-authorities Financial Ombudsman Service - Complaints we deal with - Continuous payment authorities] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 14:40, 24 January 2024
Banking competition - open banking - payments - debit cards - credit cards.
(CPA).
A continuous payment authority (CPA) is a type of recurring payment that a merchant sets up on a customer’s card account using their debit or credit card details.
As part of this process, the merchant should get the customer’s permission (‘standing authority’) to take payments as and when they’re due.
(Source - UK Financial Ombudsman Service.)
See also
- Competition & Markets Authority (CMA)
- Credit card
- Debit card
- Direct debit
- Disruptor
- Financial Conduct Authority (FCA)
- Financial Ombudsman Service
- Fintech
- HM Treasury (HMT)
- Joint Regulatory Oversight Committee (JROC)
- Merchant
- Open banking
- Open Banking
- Open banking APIs
- Open Banking Implementation Entity (OBIE)
- Open finance
- Payment Systems Regulator (PSR)
- Standing order
- Variable recurring payment (VRP)
