cross-border payment definition
cross-border payment means an electronically processed payment transaction initiated by a payer or by or through a payee where the payer’s payment service provider and the payee’s payment service provider are located in different Member States;
cross-border payment means a payment between participants established in different countries;
cross-border payment means an electronically processed payment transaction initiated by a payer or by or
More Definitions of cross-border payment
cross-border payment means a transaction initiated by the Payer via a banking institution or its branch located in a member state of the European Economic Area (EEA) for the purpose of remitting a certain amount of funds to the Payee to an institution or branch thereof in a different EEA member state. The Payer and Payee may be the same person. The European Economic Area includes all EU Member states and countries that are a party to the Agreement on the European Economic Area.
cross-border payment means a credit transfer made electronically where the destination of the payment is to any country agreed with permanent tsb.
cross-border payment means an electronically processed payment transaction initiated by a payer or by or through a payee where the payment service providers of the payer and of the payee are located in different Member States;
cross-border payment means an electronically processed payment transaction initiated by the payer or by, or through, the payee where the payer’s payment service provider and the payee’s payment service provider are located in San Marino and in a SEPA country, or vice versa, respectively;