payment system
as defined in Directive 2007/64/EC of the European Parliament and of the Council of 13…, Article 4, point (6) (Definitions)
a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;
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Also defined in
- Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on payment services in the internal market and… 52023PC0367, Article 3, point (9)
a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing or settlement of payment transactions - Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the… 32015L2366, Article 4, point (7)
a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;