Payment service provider: Difference between revisions
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imported>Doug Williamson (Update links.) |
imported>Doug Williamson (Add quote. Source: The Treasurer, April 2019, p8.) |
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In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website. | In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website. | ||
<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). | |||
: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. | |||
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*[[AISP]] | *[[AISP]] | ||
*[[Authorised payment institution]] | *[[Authorised payment institution]] | ||
*[[Brexit]] | |||
*[[e-commerce]] | *[[e-commerce]] | ||
*[[Faster Payments Service]] | *[[Faster Payments Service]] | ||
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*[[Payment Systems Regulator]] | *[[Payment Systems Regulator]] | ||
*[[PISP]] | *[[PISP]] | ||
*[[Single Euro Payments Area]] | |||
*[[TTP]] | *[[TTP]] | ||
Revision as of 06:39, 14 April 2019
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.
