credit transfer
Definitions over time (1)
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31/03/2012 – 31/01/2014 Article 2, Regulation (EU) No 260/2012 Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘credit transfer’ means a national or cross-border payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the PSP which holds the payer’s payment account, based on an instruction given by the payer;
Other definitions of this term in this act (1)
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