ANNEX II
DATA DEFINITIONS
Term | Definition
Acquirer | The term is applicable in the following cases:
Acquiring | Means services enabling a payee to accept a payment instrument or a payment transaction, by providing authentication, authorisation, and settling services resulting in a transfer of funds to the payee.
ATM cash withdrawal (except e-money transactions) | Cash withdrawal performed at an ATM using a card with a cash function. Cash advances at POS terminals using a card with a debit, credit or delayed debit function are only included if they are unconnected to a payment transaction. Cash withdrawals together with a payment transaction are not included. Instead, these are ‘POS transactions’.
AgentAccount information service (AIS) | ‘Agent’‘Account hasinformation theservice’ samemeans meaning‘account information service’ as defined in Article 44(16) of Directive 2007/64/EC.(EU) 2015/2366.
Account information service provider (AISP) | ‘Account information service provider’ means ‘account information service provider’ as defined in Article 4(19) of Directive (EU) 2015/2366.
Account servicing payment service provider (ASPSP) | ‘Account servicing payment service provider’ means ‘account servicing payment service provider’ as defined in Article 4(17) of Directive (EU) 2015/2366.
Acquirer | ‘Acquirer’ means ‘acquirer’ as defined in Article 2(1) of Regulation (EU) 2015/751 (1).
Acquiring of payment transactions | ‘Acquiring of payment transactions’ means ‘acquiring of payment transactions’ as defined in Article 4(44) of Directive (EU) 2015/2366.
Agent | ‘Agent’ means ‘agent’ as defined in Article 4(38) of Directive (EU) 2015/2366.
ATM (automatedAutomated teller machine)machine (ATM) | Electromechanical device that allows authorised users, typicallyusers using machine-readablea physicalcard-based cards,payment instrument or other means, to withdraw cash from their accounts and/or access other services, allowing them, forinter example,alia, to make balance enquiries, transfer funds or deposit money. A device allowing only balance enquiries does not qualify as an ATM. The ATM may be operated online, with a real-time request for authorisation, or offline.
ATM cash deposit (except e-money transactions) | Cash deposit performed at an ATM using a cardcard-based withpayment ainstrument cashor function.other Includesmeans, allincluding transactions in whichwhereby cash is deposited at a terminal, without manual intervention, and the payer is identified with a card-based payment card.instrument or other means.
ATM transactionscash withdrawal (except e-money transactions) | Cash withdrawals or cash depositswithdrawal performed at an ATM using a cardcard-based withpayment instrument or other means. Cash advances at POS terminals as part of a cash function, which comprises all relevant transactions initiated with a card, i.e.: E-money payment transactionstransaction for the purchase of goods or services (‘cash-back’ transactions) are not included.
ATM transaction (except e-money transactions) | A payment transaction (2) performed at an ATM using a card-based payment instrument or other means. E-money payment transactions are not included.
ATM with a cash withdrawal function | ATM allowing authorised users to withdraw cash from their accounts by using a cardcard-based withpayment ainstrument cashor function.other means.
ATM with a credit transfer function | ATM allowing authorised users to make credit transfers using a card-based payment card.instrument or other means.
Authentication | ‘Authentication’ means ‘authentication’ as defined in Article 4(29) of Directive (EU) 2015/2366.
Authenticated via non-strong customer authentication | ‘Authenticated via non-strong customer authentication’ refers to transactions which are exempted from strong customer authentication pursuant to Chapter III of Commission Delegated Regulation (EU) 2018/389 (3) as well as transactions for which the provisions in Article 97(1) of Directive (EU) 2015/2366 do not apply. Merchant initiated transactions as well as other transactions to which SCA is not applicable are included.
Branch | A place of business other than the head office located in the reporting country and established by a payment service provider (PSP) legally incorporated in another country. It has no legal personality and directly carries out some or all of the transactions inherent in the business of a PSP. All of the places of business set up in the reporting country by the same institution legally incorporated in another country constitute a single branch. Each of these places of business is counted as an individual office.
Brand | A particular payment product, especially a card, that has been licensed by its owner for use in a given territory.
Card | A device that can be used by its holder either to conduct transactions or to withdraw money. Cards offer the cardholder, in accordance with the agreement with the card issuer, one or more of the following functions: cash, debit, delayed debit, credit and e-money. Cards linked to an e-money account are included in the category ‘cards with an e-money function’ as well as in other categories according to the functions offered by the card. Cards are counted on the sending participant’s side (i.e. the card-issuing side).
Card issuer | A financial institution that makes payment cards available to cardholders, authorises transactions at POS terminals or ATMs and guarantees payment to the acquirer for transactions that are in conformity with the rules of the relevant scheme. In the case of three-party schemes, the card issuer is the card scheme itself. In the case of four-party schemes, the following entities can be card issuers:
Cards on which e-money can be stored directly | E-money held on a card in the e-money holder’s possession. Refer also to the definition of ‘electronic money’.
Card payment | Payment transaction performed with a card with a debit, credit or delayed debit function at a terminal or via other channels.
Card scheme | A technical and commercial arrangement set up to serve one or more brands of card which provides the organisational, legal and operational framework necessary for the functioning of the services marketed by those brands. A three-party card scheme is a card scheme involving the following stakeholders: A four-party card scheme is a card scheme where the stakeholders involved are: In the case of ATM transactions, it is usually the acquirer that offers its services via the ATM.
Cards which give access to e-money stored on e-money accounts | Refer to definition of ‘e-money accounts’.
Card | A payment instrument based on a unique number that can be used to initiate a payment, cash withdrawal or cash deposit that is processed using a card scheme or within the network operated by the issuer of the card. The number can be stored on a physical card, on another device (including key tag, sticker, smartphone) or can be held virtually without a physical device. Cards offer the cardholder, in accordance with the agreement with the card issuer, one or more of the following functions: cash, debit, delayed debit, credit and e-money.
Card-based payment instrument | ‘Card-based payment instrument’ means ‘card-based payment instrument’ as defined in Article 2(20) of Regulation EU 2015/751 including delayed debit cards.
Card details theft | Theft of sensitive payment data as defined in Article 4(32) of Directive (EU) 2015/2366. The sensitive payment data in this case refer to data on a card-based payment instrument.
Card issuer | ‘Card issuer’ means ‘issuer’ as defined in Article 2(2) of Regulation (EU) 2015/751 (4).
Card not received | A card-based payment instrument that the payer claimed was not received, although the payer’s PSP (issuer) confirms it was sent to the payer (by any delivery method).
CardCard-based payment transaction initiated at a physical EFTPOS | Electronically initiated cardcard-based payment transaction at a physical POS allowing electronic fund transfers. This item typically includes paymentscard-based withpayment cardstransactions through an electronic funds transfer at point of sale (EFTPOS) terminal at a merchant’s location. It does not include e-money payment transactions.
Card-based payment transactions with card-based payment instruments issued by resident PSP initiated electronically | Card-based payment transactions which are initiated at an EFTPOS, ATM or other physical terminal that allows electronic payment initiation or remotely by electronic means of information transmission. Card-based payment transactions with card-based payment instruments issued by resident PSPs initiated in paper-based form (e.g. via card-based payment instrument imprinter or where the payment information is captured manually on paper vouchers) are not included.
CardCard-based paymentspayment transactions with cardscard-based payment instruments issued by resident PSPs (except cards with an e-money function only) | PaymentCard-based payment transactions performed using cards with a debit, credit or delayed debit functionor credit cards at a terminal or via other channels. All payment transactions initiated with a cardcard-based payment instrument are included, i.e: (a) all transactions in which the acquirer and the issuer of the card-based payment instrument/transaction are different entities; and (b) all transactions in which the acquirer and the issuer of the card-based payment instrument/transaction are the same entity. Deductions from the PSP’s account resulting from the settlement of a cardcard-based payment transaction in which the acquirer and the issuer of the cardcard-based payment instrument/transaction are the same entity are included. PaymentCard-based payment transactions by telephone or over the internet using a cardcard-based payment instrument are included. E-money payment transactions are not included. Cash withdrawals and deposits at ATMs are not included. These are reported as ‘ATM cash withdrawals’ or ‘ATM cash deposits’. Credit transfers at ATMs are not included. These are reported as ‘credit transfers’. Cash advances at POS terminals are not included.
CardCard-based paymentspayment transactions with cardscard-based payment instruments issued by resident PSPs initiated remotelynon-electronically | Electronically initiated cardCard-based payment transactions which are not initiated at a physical POSterminal terminal.through Thisa itemmanual typicallyauthorisation includesprocedure (e.g. imprinters) (card present transactions) or payments withinitiated cardsvia formail productsorder and services purchased byor telephone ororder over(MOTO) the(card internet.not present transactions).
Card-based payment transactions with card-based payment instruments issued by resident PSPs initiated electronically via remote payment channel | Electronically initiated card-based payment transactions which are a type of remote payment transactions as defined in Article 4(6) of Directive (EU) 2015/2366.
Card-based payment transactions with card-based payment instruments issued by resident PSPs initiated non-electronically via remote payment channel | Non-electronically initiated card-based payment transactions which are a type of remote payment transactions as defined in Article 4(6) of Directive (EU) 2015/2366.
Card with a cash function | A card enabling the holder to withdraw cash from an ATM and/or to deposit cash to an ATM.
Card with a combined debit, cash and e-money function | A card issued by a PSP, which has a combined cash, debit and e-money function.
Card with a credit or delayed debit function | A card which has a credit or delayed debit function. This category is only reported if the data cannot be broken down into ‘cards with a credit function’ and ‘cards with a delayed debit function’.
Card with a credit function | A card enabling cardholders to make purchases and in some cases also to withdraw cash up to a pre-arranged ceiling. The credit granted may be settled in full by the end of a specified period or may be settled in part, with the balance taken as extended credit on which interest is usually charged. The distinguishing feature of a card with a credit function, in contrast to a card with a debit function or a delayed debit function, is the contractual agreement granting the cardholder a credit line allowing for extended credit.
Card with a debit or delayed debit function | A card which has a debit function or a delayed debit function. This category is only reported if the data cannot be broken down into ‘cards with a debit function’ and ‘cards with a delayed debit function’.
Card with a debit function | A card enabling cardholders to have their purchases directly and immediately charged to their accounts, whether held with the card issuer or not. A card with a debit function may be linked to an account offering overdraft facilities as an additional feature. The number of cards with a debit function refers to the total number of cards in circulation and not to the number of accounts to which the cards are linked. The distinguishing feature of a card with a debit function, in contrast to a card with a credit function or a delayed debit function, is the contractual agreement to charge purchases directly to funds on the cardholder’s current account.
Card with a delayed debit function | A card enabling cardholders to have their purchases charged to an account with the card issuer, up to an authorised limit. The balance in this account is then settled in full at the end of a pre-defined period. The holder is usually charged an annual fee. The distinguishing feature of a card with a delayed debit function, in contrast to a card with a credit function or a debit function, is the contractual agreement granting a credit line but with an obligation to settle the debt incurred at the end of a pre-defined period. This type of card is commonly referred to as a ‘charge card’.
Card with a contactless payment function | A card that allows a card payment transaction to be initiated with a particular type of contactless technology and where both the payer and the payee of the payment transaction (and/or their equipment) are in the same physical location.
Card with a payment function (except cards with an e-money function only) | A card which has at least one of the following functions: a debit function, delayed debit function or credit function. The card may also have other functions, such as an e-money function, but cards with only an e-money function are not counted in this category. Cards with only a cash withdrawals/deposits function are not included.
Card with an e-money function | A card enabling e-money transactions. Cards on which e-money can be stored directly andand/or cards which givegives access to e-money stored on e-money accountsaccounts, areenabling included.e-money payment transactions.
Card-based payment transaction | ‘Card-based payment transaction’ means ‘card-based payment transaction’ as defined in Article 2(7) of Regulation EU 2015/751 including delayed debit cards.
Card on which e-money can be stored directly | E-money held on a card in the e-money holder’s possession. Refer also to the definition of ‘electronic money’.
Cards which give access to e-money stored on e-money accounts | Refer to definition of ‘e-money accounts’.
Card with an e-money function which has been loaded at least once | A card with an e-money function which has been loaded at least once and can thus be considered activated. Loading may be interpreted as indicative of the intention to use the e-money function.
Central bank | A financial corporation and quasi-corporation whose principal function is to issue currency, to maintain the internal and external value of the currency and to hold all or part of the international reserves of the country.
Cash | Banknotes and coins in circulation that are held outside the MFI sector or in the vaults of monetary financial institutions (MFIs). Commemorative coins that are not commonly used to conduct payment transactions are not included.
Cash advance at POSpoint of sale (POS) terminals | Transactions in which the cardholder using a card or other means receives cash at a POS terminal in combination with a payment transaction for goods or services.services If(commonly it is not possiblereferred to distinguish data on cash advances at POS terminals, these are reported as ‘POS transactions’.‘cash-back’).
Cash withdrawal using card-based payment instruments (except e-money transactions) | Cash withdrawal at an ATM or at the counter of a PSP using a card with a cash function. E-money payment transactions are not included while cash advances at POS are included.
Central bank | Central bank means ‘central bank’ (subsector S.121) as defined in paragraphs 2.72 to 2.74 of Annex A to Regulation (EU) No 549/2013.
Cheque | A written and signed order from one party, i.e. the drawer, to another, i.e. the drawee, which is normallyin principle a credit institution, requiring the drawee to pay a specified sum unconditionally and on demand to the drawer or to a third party specified by the drawer.
Clearing and settlement organisation | Any clearing and settlement organisation which is a direct participant in a payment system.
Concentration ratio | Concentration ratio in terms of volume: the ratio of the number, i.e. volume, of transactions sent by the five largest participants of a payment system and the total number, i.e. volume, of transactions sent via the payment system. Concentration ratio in terms of value: the ratio of the value of transactions sent by the five largest participants of a payment system and the total value of transactions sent via the payment system.
Credit transfer | Payment service which allows the payer to instruct the institution holding its account to transfer funds to the beneficiary. It is a payment order or a sequence of payment orders made for the purpose of placing funds at the disposal of the beneficiary. Both the payment order and the funds described therein move from the PSP of the payer to the PSP of the payee, i.e. the beneficiary, possibly via several other credit institutions as intermediaries and/or one or more payment and settlement systems. Transactions involving cash at one or both ends of the payment transaction, and using a credit transfer payment service, are included as credit transfers. Credit transfers initiated at an ATM with a credit transfer function are also included.
Credit transfers of which: non-SEPA | Credit transfers which do not comply with the requirements for Single Euro Payments Area (SEPA) credit transfers, as stipulated in Regulation (EU) No 260/2012 of the European Parliament and of the Council (2).
Credit transfers initiated electronically | Any credit transfer which the payer submits without the use of paper forms, i.e. electronically. Includes submissions by telefax or other means, such as automated telephone banking, if they are transformed into electronic payments without manual intervention. Includes standing orders originally submitted in paper-based form but then executed electronically. Includes credit transfers which are executed by a PSP on the basis of a financial service, if the financial service is initiated electronically, or if the form of submission of the service is not known and the PSP executed the transfer electronically. Includes credit transfers initiated at an ATM with a credit transfer function.
Transaction received | A transaction involving non-MFIs received from PSPs Information is provided in the reporting country by the resident PSP. For different payment services, the following applies:
Transaction sent | A transaction involving non-MFIs sent to PSPs. Information is provided in the reporting country by the resident PSP. For different payment services, the following applies: Concerning payment systems, this is a transaction sent by a participant for processing by the payment system.
Direct debit | A payment service for debiting a payer’s payment account, potentially on a recurrent basis, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s PSP or to the payer’s own PSP.
Direct debits of which: non-SEPA | Direct debits which do not comply with the requirements for SEPA direct debits, as stipulated in Regulation (EU) No 260/2012.
Concentration ratio | ‘Concentration ratio’ means the market share of the five largest senders of payment transactions in each system (this may include the central bank). The five largest senders of transactions in terms of volume may differ from the five largest senders in terms of value. Each participant which has individual access to the system is counted separately, irrespective of whether an affiliation between two or more participants exists.
CreditConsent institutiongiven via an electronic mandate | ‘CreditA institution’consent hasgiven by the samepayer meaningvia a mandate as defined in Article 4(1)2(21) of Regulation (EU) No 575/2013260/2012 ofwhich theis Europeanin Parliamentelectronic and of the Council (^{1}).form.
Contactless low value | Contactless payments to which Article 11 of the Commission Delegated Regulation (EU) 2018/389 applies.
Contactless payment | A payment transaction using a card or other means where the payer and the merchant (and/or their equipment) are at the same physical location and where the communication between the portable device and the point of sale (POS) takes place through contactless technology.
Counterfeit card | The use of an altered or illegally reproduced card-based payment instrument, including the replication or alteration of the magnetic strip or embossing.
Counterfeit e-money card | The use of an altered or illegally reproduced e-money card, including the replication or alteration of the magnetic strip or embossing.
Credit card | ‘Credit card’ has the same meaning as ‘credit card’ as defined in Article 2(34) of Regulation (EU) 2015/751. For the purposes of this Regulation, delayed debit cards are excluded.
Credit institution | ‘Credit institution’ means ‘credit institution’ as defined in Article 4(1)(1) of Regulation (EU) No 575/2013 (5).
Credit transfer | ‘Credit transfer’ means ‘credit transfer’ as defined in Article 4(24) of Directive (EU) 2015/2366.
Credit transfers initiated in paper-based formelectronically | CreditAny credit transfer which the payer submits in paper-basednon-paper-based form.form, i.e. electronically.
Credit transferstransfer initiated in a file/batch | An electronically initiated credit transfer that is part of a group of credit transfers jointly initiated by the payer via a dedicated line. Each credit transfer contained in a batch is counted as a separate credit transfer when reporting the number of transactions.
Credit transfer initiated in paper-based form | A credit transfer initiated by the payer in paper-based form or by instructing staff at a branch over the counter (OTC) to initiate a credit transfer and any other credit transfer, which requires manual processing.
Credit transferstransfer initiated on a single payment basis | An electronically initiated credit transfer that is initiatedindependent independently,from other credit transfers, i.e. that is not part of a group of credit transfers jointly initiated.
Credit transfer payment scheme | Refer to the definition of ‘payment scheme’. International payment schemes include SEPA Credit Transfer scheme and SEPA Instant Credit Transfer scheme.
Credits to the accounts by simple book entry | Credit transaction initiated by a PSP (including electronic money issuer) without a specific transaction order and executed by simple book entry (simple book entry means a credit entry, to the account of a customer, without the use of a traditional payment instrument). The following transactions are reported for this item: (a) interest payment by the bank; (b) dividend payment by the bank; (c) disbursal of the amount of a loan to the current account of the customer; and (d) other credits to the account by simple book entry. These data are excluded from credit transfers.
Cross-border payment transaction | A payment transaction initiated by a payer or by a payee, where the payer’s PSP and the payee’s PSP are located in different countries. For card-based payment transactions, ‘cross-border payment transaction’ means ‘cross-border payment transaction’ as defined in Article 2(8) of Regulation (EU) 2015/751. (^{6}) Specifically, in the case of payment systems: a payment transaction between participants located in different countries.
Debit card | ‘Debit card’ means ‘debit card’ as defined in Article 2(33) of Regulation (EU) 2015/751.
Debits from the account by simple book entry | Debit transaction initiated by a PSP (including electronic money issuer) without a specific transaction order and executed by simple book entry (debit entry) to the account of a customer, i.e. without the use of a traditional payment instrument. The following transactions are reported for this item: (a) charge of interest by the bank; (b) deduction of banking fees; (c) payment of taxes linked to financial assets, if they are a separate transaction but not separately authorised by the customer; (d) repayments of the amount of a loan; and (e) other debits to the account by simple book entry. These data are excluded from direct debits.
Delayed debit card | A card enabling cardholders to have their purchases charged to an account with the card issuer up to an authorised limit. The balance in this account is then settled in full at the end of a pre-defined period. The holder is usually charged an annual fee. The distinguishing feature of a card with a delayed debit function, in contrast to a card with a credit function or a debit function, is the contractual agreement granting a credit line but including an obligation to settle the debt incurred at the end of a pre-defined period without charging interest rates. This type of card is commonly referred to as a ‘charge card’.
Direct debit | ‘Direct debit’ means ‘direct debit’ as defined in Article 4(23) of Directive (EU) 2015/2366.
Direct debit initiated in a file/batch | An electronically initiated direct debit that is part of a group of direct debits jointly initiated by the payer.payee. Each direct debit contained in a batch is counted as a separate direct debit when reporting the number of transactions.
Direct debit initiated on a single payment basis | An electronically initiated direct debit that is independent from other direct debits, i.e. that is not part of a group of direct debits jointly initiated.
Direct debit payment scheme | Refer to definition of ‘payment scheme’. International direct debit schemes include SEPA Direct Debit Core scheme and SEPA Direct Debit Business to Business scheme.
Direct participant | An entity which is identified or recognised by a payment system and is authorised to send and receive payment orders directly to and from the system without an intermediary or is directly bound by the rules governing the payment system. In some systems, direct participants also exchange orders on behalf of indirect participants. Every participant with individual access to the system is counted separately.
Electronic money | Electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in Article 4(5) of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer.
E-money payment | A transaction whereby a holder of e-money transfers e-money value from its own balance to the balance of the beneficiary, either with a card on which e-money can be stored directly or with other e-money accounts.
Domestic payment transaction | ‘Domestic payment transaction’ has the same meaning asmeans ‘national payment transaction’ as defined in Article 22(27) of Regulation (EU) No 260/2012. For card-based payment transactions, ‘domestic payment transaction’ means ‘domestic payment transaction’ as defined in Article 2(9) of Regulation (EU) 2015/751.
E-commerce | The sale or purchase of goods or services, whether between businesses, households, individuals or private organizations, through electronic transactions conducted via the internet or other computer-mediated (online communication) networks. The term covers the ordering of goods and services which are sent over computer networks, but the payment and the ultimate delivery of the goods or service may be conducted either on- or off-line.
EFTPOS terminalsterminal | An EFTPOS terminalsterminal which capturecaptures payment information by electronic means and areis designed, in some cases, to transmit such information either online, with a real-time request for authorisation, or offline. IncludesEFTPOS terminals include unattended terminals.
Electronic money issuer(e-money) | ‘Electronic moneymoney’ issuer’means has‘electronic the same meaningmoney’ as defined in Article 22(2) of Directive 2009/110/EC.
Electronic money institution | ‘Electronic money institution’ hasmeans the‘electronic samemoney meaninginstitution’ as defined in Article 22(1) of Directive 2009/110/EC.
Electronic money issuer | ‘Electronic money issuer’ means ‘electronic money issuer’ as defined in Article 2(3) of Directive 2009/110/EC.
E-money accountsaccount | AccountsAn whereaccount electronicin moneywhich e-money (^{7}) is stored.stored The balanceand in which the accountbalance can be used by the account holder to make payments and to transfer funds between accounts. Cards on which e-money can be stored directly are excluded.
E-money accountsaccount accessed through a card | Refer to definitions for ‘e-money accounts’account’ and ‘card with an e-money function’.
E-money card not received | An e-money card that the payer claimed was not received, although the payer’s PSP (issuer) confirms it was sent to the payer (by any delivery method).
E-money card terminal | Terminal allowing the transfer of electronic value from an issuer of electronic money issuer to the holder of a card with an e-money function and vice versa (i.e. loading and unloading) or terminal allowing holders of e-money on a card with an e-money function to transfer e-money value from thetheir balance on the card to the balance of athe merchant or other beneficiary.
E-money card-acceptingcard accepting terminal | Terminal allowing holders of e-money on a card with an e-money function to transfer e-money value from their balance to the balance of the merchant or other beneficiary.
E-money card-loading and unloading terminal | Terminal allowing the transfer of electronice-money value from an issuer of electronic money issuer to the holder of a card with an e-money function and vice versa, i.e. loading and unloading.
E-money card-loading and unloading | Transactions allowing the transfer of e-money value from an electronic money issuer to the holder of e-money to a card with an e-money function and vice versa. Both loading and unloading transactions are included.
E-money payment transaction | ‘E-money payment transaction’ means a payment transaction using electronic money. See the definition of ‘electronic money’.
E-money payment with cards on which e-money can be stored directly | A transaction whereby the holder of a card with an e-money function transfers e-money value from its balance stored on the card to the balance of the beneficiary.
E-money payment with e-money accounts | A transaction whereby funds are transferred from the e-money account of a payer, to the account of a payee. See the definition of ‘e-money accounts’.
E-money payment with e-money accounts of which: accessed through a card | A transaction whereby a card is used to access an e-money account and subsequently funds are transferred from the e-money account of the payer, to the account of a payee. See the definition of ‘e-money accounts’.
E-money scheme | A set of technical concepts, rules, protocols, algorithms, functions, legal and contractual agreements, commercial agreements and administrative procedures which form the basis for the provision of a particular e-money product. This may also include the provision of a number of marketing, processing or other services to its members.
Funds | Banknotes and coins, scriptural money and electronic money.
Fraudulent payment transaction | ‘Fraudulent payment transaction’ includes all instances of payment fraud referred to in Guideline 1.1 of the EBA Guidelines on reporting requirements for fraud data under Article 96(6) PSD2 (EBA/GL/2018/05).
Funds | ‘Funds’ means ‘funds’ as defined in Article 4(25) of Directive (EU) 2015/2366.
Indirect participant | A participant, in a payment system with a tiering arrangement, that uses a direct participant as an intermediary to perform some of the activities, in particular, settlement allowed in the system. All transactions by an indirect participant are settled on the account of a direct participant that has agreed to represent the indirect participant in question. Every participant that can be addressed individually in the system is counted separately, whether or not a legal link exists between two or more such participants.
Initiation of a payment transaction | The submission of a payment order (8) by a payment service user.
Instant payment | Instant payments are electronic retail payments that are processed in real time, 24 hours a day, 365 days a year, where the funds are made available immediately for use by the recipient.
Institutions offering payment services to non-MFIs | Comprises all PSPs,PSPs ofas defined in this annex and which selected indicators for credit institutions,offer payment institutions and e-money issuers, areservices to be reported in Table 1.non-MFIs.
Interchange fee | ‘Interchange fee’ means ‘interchange fee’ as defined in Article 2(10) of Regulation (EU) 2015/751.
Issuance of a payment order by the fraudster | ‘Issuance of a payment order by the fraudster’ means ‘issuance of a payment order by the fraudster’ as defined in Guideline 1.6. d. of the EBA Guidelines on reporting requirements for fraud data under Article 96(6) PSD2 (EBA/GL/2018/05).
Large-value payment system (LVPS) | ‘Large-value payment system’ means ‘large-value payment system’ as defined in Article 2(18) of Regulation (EU) No 260/2012 of the European Parliament and of the Council.
Losses due to fraud per liability bearer | ‘Losses due to fraud per liability bearer’ means ‘losses due to fraud per liability bearer’ as defined in Guideline 1.6. b. of the EBA Guidelines on reporting requirements for fraud data under Article 96(6) PSD2 (EBA/GL/2018/05).
Lost or stolen card | A fraud type that occurs with the use of a lost or stolen card-based payment instrument (debit, delayed debit or credit card) without the actual, implied, or apparent authority of the cardholder.
Lost or stolen e-money card | A fraud type that occurs with the use of a lost or stolen e-money card without the actual, implied, or apparent authority of the cardholder.
Low value | Payment transactions for which the exception in Article 16 of the Commission Delegated Regulation (EU) 2018/389 applies.
Manipulation of the payer | ‘Manipulation of the payer’ means ‘manipulation of the payer’ as defined in Guideline 1.1. b. of the EBA Guidelines on reporting requirements for fraud data under Article 96(6) of Directive (EU) 2015/2366 (EBA/GL/2018/05).
Merchant | An entity that is authorised to receive funds in exchange for the delivery of goods and/or services and has established an agreement with a PSP, for accepting these funds.
Monetary financial institutions (MFIs) | MFIs consist of all institutional units included in the sub-sectors central bank (S.121), deposit-taking corporations except the central bank (S.122) and money market funds (MMF) (S.123) as set out in the revised European System of Accounts laid down in Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (3).
Number of overnight deposits | Number of accounts holding deposits which are convertible into currency and/or transferable on demand by cheque, bankers’ order, debit entry or similar means without significant delay, restriction or penalty.
Merchant category code (MCC) | A four-digit number (listed in ISO 18245) for retail financial services. MCC is used to classify the business by the type of goods or services it provides.
Merchant initiated transaction (MIT) | ‘Merchant initiated transaction’ means ‘Merchant initiated transaction’ as defined in Annex II, Part C, footnote 4 of the EBA Guidelines amending the EBA Guidelines on reporting requirements for fraud data under Article 96(6) of Directive (EU) 2015/2366 (EBA/GL/2020/01).
Mobile payment solution | A solution used to initiate payments for which the payments data and the payment instructions are transmitted and/or confirmed via mobile communication and data transmission technology through a mobile device. This category includes digital wallets and other mobile payment solutions used to initiate P2P (person-to-person) and/or C2B (consumer-to-business) transactions, i.e. credit transfers, card payments and/or e-money transactions.
Modification of a payment order by the fraudster | ‘Modification of a payment order by the fraudster’ means ‘modification of a payment order by the fraudster’ as defined in Guideline 1.6 c of the EBA Guidelines on reporting requirements for fraud data under Article 96(6) PSD2 (EBA/GL/2018/05).
Monetary financial institutions (MFIs) | Monetary financial institution (MFI) means ‘Monetary financial institution’ as defined in paragraph 2.67 of Annex A to Regulation (EU) No 549/2013.
Money remittance | ‘Money remittance’ means ‘money remittance’ as defined in Article 4(22) of Directive (EU) 2015/2366.
Near Field Communication (NFC) payment | A contactless payment transaction using NFC technology (ISO/IEC 18092).
Non-MFI | Any natural or legal person whothat does not belong to the MFI sector. For the purpose of payments statistics, all PSPs are excluded from the ‘non-MFIs’ sector.
Number of accounts accessed by AISPs | The number of different accounts accessed by the AISP in the reporting period.
Number of clients | The number of payment service users to which the AISP offers its services.
Number of overnight deposits | Number of accounts holding overnight deposits as defined in ‘Instrument categories’ in point 9.1 of the table ‘Instrument categories’ of Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33).
Number of overnight deposits of which: number of internet/PC linked overnight deposits | Number of overnight deposit accounts held by non-MFIs which the account holder can access and use electronically via the internet or with PC banking applications via dedicated software and dedicated telecommunication lines.
Number of transferable overnight deposits | Number of overnight deposit accounts holding deposits which are directly transferable on demand to make payments to other economic agents by commonly used means of payment, without significant delay, restriction or penalty.
Transferable deposits | Deposits within the category ‘overnight deposits’, which are directly transferable on demand to make payments to other economic agents by commonly used means of payment, without significant delay, restriction or penalty.
Number of transferable overnight deposits | Number of accounts holding transferable overnight deposits as defined in ‘Instrument categories’ in point 9.1a of Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33).
Number of transferable overnight deposits of which: number of internet/PC linked overnight transferable deposits | Number of accounts holding transferable overnight depositdeposits accountsas defined in ‘instrument categories’ in point 9.1a of Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33) held by non-MFIs which the account holder can access and use electronically via the internet or with PC banking applications via dedicated software and dedicated telecommunication lines.
Online banking based credit transfers | Credit transfer initiated through online banking and payment initiation services.
Over the counter (OTC) cash deposits | A cash deposit to an account at the PSP using a form, including where a card is used merely to identify the payer.
Over the counter (OTC) cash withdrawals | A cash withdrawal from an account at the PSP using a form, including where a card is used merely to identify the payee.
Other direct participants | Any direct participant in a payment system, excluding credit institutions and central banks.
Other e-money issuer | E-money issuers other than ‘e-money institutions’ and ‘credit institutions’. Refer to the definition of ‘e-money‘electronic issuers’.money issuer’.
Other financial institutions | All financial institutions participating in a payment system that are under the supervision of the relevant authorities, i.e. either the central bank or the prudential supervisor, but not falling within the definition of credit institutions.
Payment initiation service | Payment initiation services initiate payment transactions via an internet-enabled payment account. The services are provided by third party entities, which do not issue the employed payment account themselves.
Payments with cards with a credit and/or delayed debit function | Payment transactions performed with cards with a credit and/or delayed debit function at a physical terminal or via other channels. This sub-category is only reported if the data cannot be broken down into ‘payments with cards with a credit function’ and ‘payments with cards with a delayed debit function’.
Payments with cards with a credit function | Payment transactions performed with cards with a credit function at a physical terminal or via other channels.
Payments with cards with a debit and/or delayed debit function | Payment transactions performed with cards with a debit and/or delayed debit function at a physical terminal or via other channels. This sub-category is only reported if the data cannot be broken down into ‘payments with cards with a debit function’ and ‘payments with cards with a delayed debit function’.
Payments with cards with a debit function | Payment transactions performed with cards with a debit function at a physical terminal or via other channels.
Payments with cards with a delayed debit function | Payment transactions performed with cards with a delayed debit function at a physical terminal or via other channels.
POS terminal | A POS device allowing the use of payment cards at a physical (not virtual) point of sale. The payment information is captured either manually on paper vouchers or by electronic means, i.e. EFTPOS. The POS terminal is designed to enable transmission of information either online, with a real-time request for authorisation, and/or offline.
Public administration | Institutional units which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth, as defined in respect of the general government sector.
Other PSPs and e-money issuers | Other PSPs and e-money issuers means ‘Payment service providers’ as defined in this Annex excluding credit institutions as defined in this Annex, e-money institutions as defined in this Annex, payment institutions as defined in this Annex and central banks as defined in this Annex.
Other payment services | ComprisesAny payment servicesservice aswithin definedthe in Article 4scope of Directive 2007/64/EC(EU) not2015/2366 explicitlybut listedwhich cannot be included in thisany Regulation.of the other categories of payment service in Annex III.
Other services not included in Directive (EU) 2015/2366 | Any service outside the scope of Directive (EU) 2015/2366 and which cannot be included in any of the other categories of payment service in Annex III.
Outstanding value on e-money storages issued by electronic money issuers | Value, at the end of the reporting period, of e-money issued by electronic money issuers and held by entities other than the issuer, including e-moneyelectronic money issuers other than the issuer.
P2P mobile payment solution | A solution where payments are initiated, confirmed and/or received by an individual to another individual (P2P), via a mobile device. The payment instruction and other payment data are transmitted and/or confirmed with a mobile device. A distinctive mobile payment identifier, such as mobile telephone number or e-mail address, can be used as a proxy to identify the payer and/or payee. P2P mobile payment solutions can be used to initiate credit transfers, card payments and/or e-money transactions.
Payee | ‘Payee’ hasmeans the same meaning‘payee’ as defined in Article 44(9) of Directive 2007/64/EC.(EU) 2015/2366.
Payer | ‘Payer’ hasmeans the same meaning‘payer’ as defined in Article 44(8) of Directive 2007/64/EC.(EU) 2015/2366.
Payment account | ‘Payment account’ hasmeans the‘payment same meaningaccount’ as defined in Article 44(12) of Directive 2007/64/EC.(EU) 2015/2366.
Payment transactioncard scheme (PCS) | ‘Payment transaction’card hasscheme’ themeans same‘payment meaningcard scheme’ as defined in Article 42(16) of DirectiveRegulation 2007/64/EC.(EU) 2015/751.
Payment institutioninitiation service | ‘Payment institution’initiation hasservice’ themeans same‘payment meaninginitiation service’ as defined in Article 44(15) of Directive 2007/64/EC.(EU) 2015/2366.
Payment initiation service providersprovider (PSPs)(PISP) | ‘Payment initiation service providers’provider are(PISP)’ thosemeans listed‘payment initiation service provider’ as defined in Article 14(18) of Directive 2007/64/EC.(EU) 2015/2366.
Payment instrumentinstitution | ‘Payment instrument’institution’ hasmeans the‘payment same meaninginstitution’ as defined in Article 44(4) of Directive 2007/64/EC.(EU) 2015/2366.
Payment systeminstrument | ‘Payment system’instrument’ hasmeans the‘payment same meaning as definedinstrument’ in Article 44(14) of Directive 2007/64/EC.(EU) 2015/2366.
Payment servicesorder | ‘Payment services’order’ hasmeans the‘payment same meaningorder’ as defined in Article 44(13) of Directive 2007/64/EC.(EU) 2015/2366.
Payment scheme | 'Payment scheme' means a set of formal, standardised and common rules enabling the transfer of value between end-users by means of electronic payment instruments. It is managed by a governance body.
Payment service provider (PSP) | ‘Payment service provider’ means ‘payment service provider’ as defined in Article 4(11) of Directive (EU) 2015/2366.
Payment service user (PSU) | ‘Payment service user’ means ‘payment service user’ as defined in Article 4(10) of Directive (EU) 2015/2366.
Payment service | ‘payment service’ means any of the business activities listed in Annex I to Directive (EU) 2015/2366 or any of the services listed in Article 4(3)(a) of this Regulation.
Payment system | ‘Payment system’ means ‘payment system’ as defined in Article 4(7) of Directive (EU) 2015/2366.
Payment system operator (PSO) | ‘PSO’ means a legal entity that is legally responsible for operating a payment system.
Payment to self | Payment transactions for which the exception in Article 15 of the Commission Delegated Regulation (EU) 2018/389 applies.
Point of sale | ‘Point of sale’ means ‘point of sale’ as defined in Article 2(29) of Regulation (EU) 2015/751.
Point of sale (POS) terminal | A physical device used at a retail location to capture payment information typically electronically, for consumer-to-business transactions (purchases).The payment information is captured either manually on paper vouchers or by electronic means, i.e. EFTPOS.
POS terminal accepting e-money transactions | A POS terminal that additionally can accept e-money payments. E-money card terminals only accepting e-money payments are not included (9).
POS transactions (except e-money transactions) | Transactions performed through a POS terminal using a card with a debit, credit or delayedother debitmeans function.containing the appropriate payment application. Transactions using a card with an e-money function and cash advances at POS are not included.
General government | General government means ‘General government’ (sector S.13) as defined in paragraphs 2.111 to 2.117 of Annex A to Regulation (EU) No 549/2013.
Recurring transaction | Payment transactions for which the exception in Article 14 of the Commission Delegated Regulation (EU) 2018/389 applies.
Remote payment transaction | ‘Remote payment transaction’ means ‘remote payment transaction’ as defined in Article 4(6) of Directive (EU) 2015/2366.
Retail payment system (RPS) | ‘Retail payment system’ means ‘retail payment system’ as defined in Article 2(22) of Regulation (EU) No 260/2012 of the European Parliament and of the Council.
Secure corporate payment processes and protocols | Payment transactions for which the exception in Article 17 of the Commission Delegated Regulation (EU) 2018/389 applies.
Single Euro Payments Area (SEPA) | SEPA is a European Union (EU) payments integration initiative aimed at harmonising electronic euro payments in Europe. It relates to a common set of specified technical and business requirements for payment transactions in euro as set out in the Regulation (EU) 260/2012.
Strong customer authentication (SCA) | ‘Strong customer authentication (SCA)’ means ‘strong customer authentication’ as defined in Article 4(30) of Directive (EU) 2015/2366.
Tiering arrangement | An arrangement whereby indirect participants in a system require the services of direct participants in order to carry out their transactions.
Total number of cards (irrespective of the number of functions on the card) | Total number of cards in circulation. These may have one or more of the following functions: cash, debit, credit, delayed debit or e-money.
Total payment transactions involving non-MFIs | Total number of transactions using payment instruments involving non-MFIs. Total value of transactions using payment instruments involving non-MFIs.
Total transactions sent | Total number of transactions submitted to and processed in a given payment system. Total value of transactions submitted to and processed in a given payment system.
(1) OJ L 176, 27.6.2013, p. 1.
(2) Regulation (EU) No 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro (OJ L 94, 30.3.2012, p. 22).
(3) OJ L 174, 26.6.2013, p. 1.
Transaction Risk Analysis (TRA) | Payment transactions for which the exception in Article 18 of the Commission Delegated Regulation (EU) 2018/389 applies.
Transactions at terminals providedat which transactions are acquired by resident PSPs with cards issued by resident PSPs | Payment transactions carried out at all terminals at which transactions are acquired by resident PSPs (i.e. whether terminals are located in, or outside, the country of location of the PSP) and where the cards used in the transactions are issued by resident PSPs. Geographical breakdowns (as specified in Annex III) refer to the country of location of the terminals.
Transactions at terminals providedat which transactions are acquired by resident PSPs with cards issued by non-resident PSPs | Payment transactions carried out at all terminals at which transactions are acquired by resident PSPs (i.e. whether terminals are located in, or outside, the country of location of the PSP) and where the cards used in the transactions are issued by non-resident PSPs. Geographical breakdowns (as specified in Annex III) refer to the country of location of the terminals.
Transactions at terminals providedat which transactions are acquired by non-resident PSPs with cards issued by resident PSPs | Payment transactions carried out at all terminals at which transactions are acquired by non-resident PSPs,PSPs (i.e. whether terminals are located in, or outside, the country of location of the PSP), where the cards used in the transactions are issued by resident PSPs. Geographical breakdowns (as specified in Annex III) refer to the country of location of the terminals.
Transaction received | A transaction involving non-MFIs received from PSPs. Information is provided in the reporting country by the resident PSP. For different payment services, the following applies: (a) credit transfers are counted on the payee’s side; (b) direct debits are counted on the payer’s side; (c) cheques are counted on the payer’s side; (d) card transactions are counted on the payee’s, i.e. acquiring side; (e) e-money payment transactions are counted on either the payer’s or the payee’s side, depending on the initiation channel. If counted on the payer’s (payee’s) side under transactions received, the transaction should be counted on the payee’s (payer’s) side under transactions sent.
Transaction sent | A transaction involving non-MFIs sent to PSPs. Information is provided in the reporting country by the resident PSP. For different payment services, the following applies: (a) credit transfers are counted on the payer’s side; (b) direct debits are counted on the payee’s side; (c) cheques are counted on the payee’s side; (d) card transactions are counted on the payer’s, i.e. the issuing, side. (e) e-money payment transactions are counted on either the payer’s or the payee’s side, depending on the initiation channel. If counted on the payer’s (payee’s) side under transactions sent, the transaction should be counted on the payee’s (payer’s) side under transactions received. Concerning payment systems, this is a transaction sent by a participant for processing by the payment system.
Transferable deposits | ‘Transferable deposits’ means ‘transferable deposits’ as defined in ‘Instrument categories’ point 9.1a of Part 2 Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33).
Trusted beneficiaries | Payment transactions for which the exception in Article 13 of the Commission Delegated Regulation (EU) 2018/389 applies.
Unattended terminals for transport fares or parking fees | Payment transactions for which the exception in Article 12 of the Commission Delegated Regulation (EU) 2018/389 applies.
Unauthorised payment transaction | ‘Unauthorised payment transaction’ means ‘unauthorised payment transaction’ as defined in Guideline 1.1.a of the EBA Guidelines on reporting requirements for fraud data under Article 96(6) PSD2 (EBA-GL-2018-05).
Unauthorised e-money account transaction | ‘Unauthorised e-money account transaction’ means an ‘unauthorised payment transaction’ as defined above in respect to the use of an e-money account.
(1) Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions (OJ L 123, 19.5.2015, p. 1). (2) See definition of ‘payment transaction’ in the Regulation. (3) Commission Delegated Regulation (EU) 2018/389 of 27 November 2017 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication (OJ L 69, 13.3.2018, p. 23). (4) Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions (OJ L 123, 19.5.2015, p. 1). (5) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). (6) Cross-border card-based payment transactions, as defined in Annex II, require information on the counterpart residency and the location of the point of sale in order to determine whether card-based payment transactions are cross-border. Therefore, the counterpart residency and the location of the point of sale should be reported together. (7) See definition of ‘electronic money’ in this Annex. (8) See definition of ‘payment order’ in this Annex (9) See definition of ‘e-money card terminals’ in this Annex.