One leg payment and Online: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Remove quote and link due to update.)
 
imported>Doug Williamson
m (Categorise.)
 
Line 1: Line 1:
''Payment Services Directive 2 (PSD2)''.
1.  


A one leg payment is one where only one of two payment service providers involved is located in the European Union (EU).
In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


Also known as 'one-leg-out' payments.


2.


PSD2 sets out improved transparency: payments going out of the EU are required to have transparency on cost, opening the way to better management of one leg payments.
The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


3.
More generally, connected to another computer or electronic terminal.  For example connected to the internet.




== See also ==
== See also ==
* [[European Union]]
* [[Offline]]
* [[Payment service provider]]
* [[Payment Services Directive]]
* [[Payments and payment systems]]
* [[PSD2]]
* [[Single Euro Payments Area]]


[[Category:Cash_management]]
[[Category:Treasury_operations]]
[[Category:Technology]]

Revision as of 15:47, 28 February 2018

1.

In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


2.

The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


3.

More generally, connected to another computer or electronic terminal. For example connected to the internet.


See also