Limited networkbyChristian Walz5. November 2019No comments The term “limited network” refers to a group of exemptions which are defined in Section 2 para. 1… Read More
Limited rangebyChristian Walz5. November 2019No comments The term “limited range” refers to an exemption defined in Section 2 para. 1 no. 10b of the… Read More
Mobile paymentbyDr. Matthäus Schindele5. November 2019No comments Mobile payments or m-payments in the narrow sense of the term refer to contactless payments at the point… Read More
Money remittance businessbyDr. Matthäus Schindele5. November 2019No comments Subject to any exceptions, money remittance business is a payment service which requires a licence. Pursuant to Section… Read More
Open loopbyDr. Matthäus Schindele5. November 2019No comments The terms “closed loop”, “open loop”, “restricted open loop” or “semi-closed loop” are not at all used uniformly… Read More
PayeebyChristian Walz5. November 2019No comments The term “payee” describes the payment service user who receives a payment amount from the payer as part… Read More
PayerbyChristian Walz25. October 2019No comments The term “payer” describes the payment service user who pays the payment amount to the payee in the… Read More
Payment accountbyKemal Ahmedi11. November 2019 According to Section 1 para. 17 of the German Payment Services Supervision Act (ZAG) and Section 2 para.… Read More
Payment businessbyDr. Matthäus Schindele3. November 2020No comments Subject to any exceptions, payment business is a payment service which requires a licence. According to Section 1… Read More
Payment business involving the extension of creditbyDr. Matthäus Schindele5. November 2019No comments Subject to any exceptions, payment business involving the extension of credit is a payment service which requires a… Read More