Payment service provider: Difference between revisions

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imported>Doug Williamson
(Create the page. Sources: The Treasurer, March 2017, p32, Payments UK webpage https://www.paymentsuk.org.uk/news-events/news/new-code-conduct-launched-benefit-payment-service-providers-indirect-access-uk; netguru.co blog https://www.netguru.co/blog/10-onl)
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Revision as of 17:34, 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.


See also