retail payment system

Defined in Article 2, Regulation (EU) No 260/2012

Uses as of 06/04/2017

Definitions over time (2)

1. 08/04/2024 – today 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 primarily of small amount, and that is not a large-value payment system;

2. 31/01/2014 – 08/04/2024 applies on 06/04/2017 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;

Used in (7 places in 4 provisions on 06/04/2017)

Regulation (EU) No 260/2012 (7 in 4)

Article 2 · Article 4³ · Article 5 · Article 16²