Payment service provider: Difference between revisions
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imported>Doug Williamson (Link with PISP page.) |
imported>Doug Williamson (Update links.) |
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''Payment systems'' | ''Payment systems''. | ||
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*[[P2P]] | *[[P2P]] | ||
*[[Payment system]] | *[[Payment system]] | ||
*[[Payment Systems Regulator]] | |||
*[[PISP]] | *[[PISP]] | ||
*[[TTP]] | *[[TTP]] | ||
Revision as of 13:51, 10 December 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.
