Corporate Bond Purchase Scheme and Payment service provider: Difference between pages

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.

@@ Line 1: / Line 1: @@
-''Bank of England''
+''Payment systems''
-(CBPS).
+(PSP).
-A scheme for the Bank of England to buy certain eligible corporate bonds under the Asset Purchase Facility.
+.
+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.
-The purposes of the CBPS include providing monetary stimulus by lowering the yields on corporate bonds, thereby reducing the cost of borrowing for companies; and by stimulating new issuance of corporate bonds.
-Bonds eligible for the scheme include ones issued by non-financial businesses which make a 'material contribution to economic activity in the UK'.
+.
-Bonds issued by banks, building societies and insurance companies are not eligible.
+In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.
-The CBPS was launched in 2016, for an initial period of 18 months.
 == See also ==
-* [[Asset Purchase Facility]]
+*[[Aggregator]]
-* [[BEAPFF]]
+*[[Approved payment institution]]
-* [[Bond]]
+*[[e-commerce]]
-* [[Issuance]]
+*[[Faster Payments Service]]
-* [[Yield]]
+*[[Fintech]]
+*[[Information technology]]
+*[[P2P]]
+*[[Payment system]]
+*[[TTP]]