Status: You are viewing the version of the handbook as on 2016-04-06.

payment service provider

      1. 71198(1) (except in DISP) (in accordance with regulation 2(1) of the Payment Service Regulations) any of the following persons when they carry out a payment service:
        1. (a) an authorised payment institution;
        1. (b) a small payment institution;
        1. (c) an EEA authorised payment institution;
        1. (d) a full credit institution;
        1. (e) 94200an electronic money issuer;94200
        1. (f) the Post Office Limited;
        1. (g) the Bank of England, the European Central Bank and the national central banks of EEA States other than the United Kingdom, other than when acting in their capacity as a monetary authority or carrying out other functions of a public nature; and
        1. (h) government departments and local authorities, other than when carrying out functions of a public nature.
        [Note: article 1(1) of the Payment Services Directive]
      1. (2) (in DISP and FEES 5.5 ) 199 as in (1) but excluding a full credit institution.94200
      1. (3) (in FEES 9) any person with access to a regulated payment system who provides services to consumers or businesses who are not participants in a regulated payment system, for the purposes of enabling the transfer of funds using that regulated payment system. For the purposes of FEES 9, the Bank of England is not considered a payment service provider.133