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Payment Transaction

Overview#

Payment Transaction involves a Funds Transfer System and an agreement, or Communication, carried out between one or more Entities identified as buyers and a sellers to exchange an Resource for payment.

Payment Transaction involves a Transaction Account and a Financial Settlement

Payment Services Directive#

Payment Transaction is an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;

Payment Card Payment Transaction#

Payment Transaction is when there is a payment at a POS Terminal.

Some forms of Payment Transaction are:

More Information#

There might be more information for this subject on one of the following: