National Audit Office and Payment service provider: Difference between pages
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imported>Doug Williamson (Add links.) |
imported>Doug Williamson (Add quote. Source: The Treasurer, April 2019, p8.) |
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'' | ''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. | |||
<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. | |||
== See also == | == See also == | ||
* [[ | *[[Aggregator]] | ||
* [[ | *[[AISP]] | ||
* [[ | *[[Authorised payment institution]] | ||
* [[ | *[[Brexit]] | ||
*[[e-commerce]] | |||
[[ | *[[Faster Payments Service]] | ||
[[ | *[[Fintech]] | ||
*[[Information technology]] | |||
*[[P2P]] | |||
*[[Payment system]] | |||
*[[Payment Systems Regulator]] | |||
*[[PISP]] | |||
*[[Single Euro Payments Area]] | |||
*[[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.
