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Payment Account

A payment account is a bank account that allows the deposit and withdrawal of funds. The account also allows the account holder to send and receive money from and to third parties.

Payment Initiation Service Provider (PISP)

Payment Initiation Service Provider (PISP) is a financial institution that facilitates online payments without any need for a credit or debit card. Unlike Account Information Service Providers (AISPs), Payment Initiation Service Providers (PISPs) have “read-write”...

Payment Institution License (PI License)

Payment Institution License is a basic requirement to provide payment services and issue electronic money. With a payment Institution license, a financial entity is enabled to carry out payment transactions, money remittances, and direct debit/credit transfers, etc....

Payment Licenses

Payment licenses allow companies, brands, or platforms to accept and process payment transactions, usually over a digital system. There are numerous different payment licenses available geographically. For example, the EU Payment License is in use within the European...

Payment Service Provider (PSP)

 A payment service provider, also known as a PSP, is a third-party financial institution that provides merchants and businesses with a variety of services such as virtual/physical/soft POS provision, payment gateway, card storage, dealer collection platforms, and...

PI and EMI Regulations

Payment Institutions (PIs) and Electronic Money Institutions (EMIs) are two main types of financial institutions obliged to be in compliance with both shared and different regulations. EMIs need extra compliances due to their ability to issue e-money. Every region, or...

Platform Business Model

Platform Business Model is used to describe a company that is able to profit off of a platform where different groups (consumers and producers) interact with each other. Platform businesses do not need to manage supply chains and logistics like linear businesses and...

Prefunding Account

A Prefunding Account is required to pay in advance for transactions processed by a bank or an e-money institution. It is most commonly used for managing international money transfers instantly or with very little delay. When a user sends money from one country to...

PSD2

PSD2, or Payment Service Providers Directive 2, is the European regulatory directive for Payment Institutions and Electronic Money Institutions operating in the EU. In 2013, PSD2 is introduced as an amendment on PSD which was constituted in 2007. The most notable...

PSP Licensing

Payment Service Provider Licensing is a mandatory step for any PSP to operate. PSPs need to ensure the regulatory institutions with a sound business plan for 3 years in advance, financial projections, risk management plan and eligible AML and CTF policies. The...

2022 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB

2022 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB