PCH system operator definition
PCH system operator means a person, other than a designated settlement system operator, that clears on behalf of any two or more Reserve Bank settlement system participants;
PCH system operator means a person, other than a designated settlement
Examples of PCH system operator in a sentence
Third Party Payment Provider (TPPP) Any person who provides payments to third persons and who processes payment instructions, including the delivery to and/or receipt of payment instructions from a bank and/or a PCH system operator on their own behalf.