money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee;
money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the
money remittance means a payment service that allows funds to be received from a Sender without creating a payment account in the name of the Sender or the Beneficiary, for the sole purpose of transferring an equivalent amount to a Beneficiary or to another payment service provider that acts on behalf of the Beneficiary;
More Definitions of money remittance
money remittance means a service for the transmission of money (or any representation of monetary value), without any payment accounts being created in the name of the payer or the payee, where—
money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another
money remittance means a payment service whereby the funds are provided by the payer without the opening of payment accounts in the name of the payer or the payee for the sole purpose of remitting the relevant amount to the payee or other payment service provider acting on behalf of the payee and/or where such funds are received on behalf of the payee and are made at its disposal.
money remittance means a payment service where funds are received from an originator (payer) without any accounts being created in the name of the originator or the beneficiary (payee), for the sole purpose of transferring a corresponding amount to –
money remittance means the payment service referred to in Article 4, paragraph 1, item 6) of the Law;
money remittance means a service where funds are received from an originator without any accounts being created in the name of the originator or the beneficiary, for the sole purpose of transferring a corresponding amount to a beneficiary or to another payment services provider acting on its behalf, and/or such funds are received on behalf of and made available to the beneficiary; for this purpose, valid identity of the beneficiary should be ensured and preserved record accordingly;
money remittance means a service where funds are received by the credit union from a member, for the sole purpose of transferring a corresponding amount to a third party or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee.