Payment service provider: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: The Treasurer, March 2017, p32, Payments UK webpage https://www.paymentsuk.org.uk/news-events/news/new-code-conduct-launched-benefit-payment-service-providers-indirect-access-uk; netguru.co blog https://www.netguru.co/blog/10-onl) |
imported>Doug Williamson (Link with Aggregator page.) |
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== See also == | == See also == | ||
*[[Aggregator]] | |||
*[[Faster Payments Service]] | *[[Faster Payments Service]] | ||
*[[Fintech]] | *[[Fintech]] | ||
Revision as of 17:45, 13 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.
