four party payment card scheme
Defined in Article 2, Regulation (EU) 2015/751
Definitions over time (1)
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For the purposes of this Regulation, the following definitions shall apply:
‘four party payment card scheme’ means a payment card scheme in which card-based payment transactions are made from the payment account of a payer to the payment account of a payee through the intermediation of the scheme, an issuer (on the payer's side) and an acquirer (on the payee's side);