Authorised push payment

From ACT Wiki
Revision as of 13:54, 23 December 2019 by imported>Doug Williamson (Classify page.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

Payments and payment systems.

(APP).

Push payments are payments where payment service providers (PSPs), which include banks, are instructed to transfer money from a customer’s account to another account.

It is an ‘authorised’ push payment (APP) when the customer gives their consent for the payment to be made.

This can include situations where the customer has been tricked into giving that consent.


See also