Money laundering and Payment service provider: Difference between pages

Revision as of 17:45, 13 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: @@
-The processing of criminal proceeds to disguise their illegal origin.
+''Payment systems''
+(PSP).
+.
+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.
+.
+In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.
 == See also ==
-* [[European Economic Area]]
+*[[Aggregator]]
-* [[Financial Action Task Force]]
+*[[Faster Payments Service]]
-* [[Know-your-customer]]
+*[[Fintech]]
-* [[MLRO]]
+*[[Information technology]]
-* [[SOCA]]
+*[[P2P]]
-* [[USA PATRIOT Act]]
+*[[Payment system]]
+*[[TTP]]
-[[Category:Compliance_and_audit]]