retail payment system
Defined in Article 2, Regulation (EU) No 260/2012
Definitions over time (2)
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For the purposes of this Regulation, the following definitions apply:
‘retail payment system’ means a payment system the main purpose of which is to process, clear or settle credit transfers or direct debits which are primarily of small amount, and that is not a large-value payment system;
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31/01/2014 – 08/04/2024 Article 2, Regulation (EU) No 260/2012 Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘retail payment system’ means a payment system the main purpose of which is to process, clear or settle credit transfers or direct debits, which are generally bundled together for transmission and are primarily of small amount and low priority, and that is not a large-value payment system;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 2(22) Historical · definitions end 31/01/2014