national payment system definition
national payment system means the payment system as a whole, and includes any payment system, settlement system, clearing system and payment system arrangement used in the process of effecting payment between payers and beneficiaries;
national payment system means the entire payments ecosystem and includes all the payment systems, clearing systems, settlement systems and the rules, standards, arrangements, procedures, laws, agreements, technologies, payment instruments and institutions that are used in the processing and transferring of funds and securities;
national payment system means the national payment system as defined in section 1 of the Payment System Management Act;
More Definitions of national payment system
national payment system means the whole of the services that are associated with sending, receiving and processing orders of payment or transfers of money in domestic or foreign currencies, the issuance and management of payment instruments, payment, clearing and settlement systems, including those processing securities, arrangements and procedures associated with those systems and services, and payment service providers, including an operator of a system, participants, and any third party acting on behalf of them, either as an agent or by way of outsourcing agreements, whether operating entirely or partially in Fiji;
national payment system means the whole of the services that are associated to sending, receiving and processing of orders of payment or transfers of money in domestic or foreign currencies, issuance and management of payment instruments, payment, clearing and settlement systems, including:
national payment system means the entire payment process from payer to beneficiary and includes settlement between banks. This process includes all the tools, systems, mechanisms, institutions, agreements, procedures, rules or laws, including the National Payment System Act, 1998 (Act No. 78 of 1998), applied or utilised to effect payment;
national payment system means the payment system as a whole as defined in the Payment System Management Act, 2003 (Act No. 18 of 2003).
national payment system means the [payment system as a whole, and includes any payment system, settlement system, clearing system, and payment system arrangement used in the process of effecting payment between payers and beneficiaries] entire payments ecosystem and includes all the payment systems, clearing systems, settlement systems and the rules, standards, arranagements, procedures, laws, agreements, technologies, payment instruments and institutions that are used in the processing and transferring of funds and securities;
national payment system means any payment, transfer system, securities settlement system, clearing system and any arrangement used in the process of effecting payment transactions, as defined by Article 2, paragraph 1.13 of Law No. 04/L-155 on Payment System. The main elements of the National Payment System shall include the following:
national payment system means the whole of the services that are associated to sending, receiving and processing of orders of payment or transfers of money in domestic or foreign currencies, including: