DOCSLIB.ORG

Conditions for Dankort and Visa/Dankort

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Conditions for Dankort and Visa/Dankort 1 Conditions for Dankort and Visa/Dankort Effective from 1. January 2019 “This document has been translated from Danish into English. About your Dankort and Visa/Dankort However, the original Danish text is the governing text for all Keep your card safe purposes, and in case of discrepancy the Danish wording will be Check at regular intervals that you have not lost your card. It is applicable.” just as personal as a passport, driver’s licence, national health insurance card and the like. Contents Memorise your PIN If you need to make a note of your personal identification 1 Visa/Dankort conditions ................................................... 2 number (PIN), you can ask Nordea for a PIN-memorising card. Your PIN must always be kept separate from your card and 2 What can you use the card for? ........................................ 2 never be written on your card. 3 Safeguarding your card, PIN and Verified Do not reveal your PIN to any other person by Visa password ............................................................. 2 The PIN is your electronic signature. No matter what happens and 4 Verified by Visa ................................................................ 2 where you are in the world, never reveal your PIN to any other 5 Use of the card ................................................................ 2 person. Never choose your PIN as a password for a PC or any other system operated by means of a code chosen by yourself. 6 Cheking entries to your account ....................................... 3 Likewise, do not key in your PIN on a telephone keypad or the 7 Reversal of payments which you have approved .............. 3 like. 8 Reversal of payments which you have not approved ........ 3 Be careful when using your PIN 9 Your obligation to block your card ..................................... 4 Stand close to the terminal or cash machine and cover the keys, 10 Your liability in case of misuse of your card ...................... 4 for instance with your free hand, while keying in your PIN. 11 Nordea’s rights and responsibilities .................................. 4 Always check that the total amount and the date 12 Expiry .............................................................................. 4 have been filled in when you sign a sales voucher 13 Termination ...................................................................... 5 You should check that the date and amount have been stated 14 Amendment of these conditions ....................................... 5 correctly. Cross out any empty space before and after the amount or draw a horizontal line in such space so that the amount cannot 15 Complaints ....................................................................... 5 subsequently be increased. 16 A new copy of the conditions ............................................ 5 17 Charges ........................................................................... 5 Do not forget your passport Always bring your passport or photo identification when you are 18 Evaluation of the creditworthiness of applicants ............... 5 to withdraw cash in banks abroad. 19 Use, keeping and disclosure of personal information ........ 5 Keep accounts 20 Registration of blocked cards ........................................... 5 Keep your receipts and withdrawal slips and compare them with 21 Supervision ...................................................................... 6 the statement received from Nordea. You should pay particular 22 Glossary .......................................................................... 6 attention when you have used your card in connection with telephone or mail order or when making purchases over the Internet. Take care of the magnetic stripe of the card The data contained in the magnetic stripe of the card may be deleted if the card is placed close to a magnetic field. For instance a magnetic catch of a bag and certain electronic devices. Pay attention to the expiry date of the card After the expiry date the card will be rejected. You can have your card replaced in Nordea before expiry. You will automatically receive a new Visa/Dankort card about 2 weeks before the expiry date. Payments via the Internet When using your card for payments via the Internet, it is important that the computer you use is protected against virus attacks. Disclosure of card information Never disclose information about your card to third parties sending unsolicited e-mails or text messages, for instance. Delete the e-mail or text message immediately. If you have replied to the e-mail or text message and disclosed your card information, con- tact Nordea immediately to block your card. Contact Nordea if you have problems with your Visa/Dankort abroad Contact Nordea or – outside Nordea’s business hours – Nets on +45 70 33 70 80 if you have problems with your card abroad. Nordea Danmark, filial af Nordea Bank Abp, Finland, FO-nr. 2858394-9, Patent- och registerstyrelsen, CVR-nr. 25992180, København 2 Notify Nordea immediately if your card is lost or stolen or if you have reason to believe that your PIN has become known to any other person or that an unauthorized person is using your card number Contact Nordea immediately or – outside Nordea’s business hours – Nordea’s card loss centre, Spærreservice, You must state your name and address, the name of your on +45 70 33 22 49 or Nets on +45 70 33 70 80, fax branch in Nordea as well as your card number, account +45 44 68 11 36. number or personal registration number. Your card will then be blocked immediately and cannot be used. 1Visa/Dankort conditions You can use your card to transfer amounts between your own These conditions apply to the use of Visa/Dankort issued by accounts in Nordea’s cash machines. Nordea Danmark, filial af Nordea Bank Abp, Finland (“Nordea”). The conditions describe the use of the card as Dankort and Visa card respectively both the physical card and You can use your card to order bank statements for your own the Dankort and Visa card linked to your mobile phone. Unless accounts in Nordea’s cash machines. otherwise indicated, they apply to both Dankort and Visa card, both the physical card and the Dankort and Visa card linked to 2.4 Debit entries to your account your mobile phone. The glossary explains the terms and Purchases and cash withdrawals with the card will generally expressions used – see condition 22. be debited to your account on the date when you make the purchase or cash withdrawal. Visa transactions will at the 2 What can you use the card for? earliest be debited to your account the day after the purchase Visa/Dankort is a payment instrument which you can use in or cash withdrawal. However, the date for debiting the Denmark and abroad. account will depend on the time when Nordea receives the transaction. If a retailer accepts both Dankort and Visa card, the retailer may have chosen Dankort or Visa as its preferred payment method. 2.5 Spending limit You may change the retailer's decision if technically possible Unless otherwise agreed with Nordea, you can only make according to legislation. cash withdrawals or purchases for amounts available on your account – see conditions 2.7-2.10. It will appear from your bank statement whether a payment has been effected as a Dankort or a Visa card transaction. 2.6 Contactless payment function with the card or Dankort You should note that the transaction amount will be included in on your mobile phone the monthly spending limit when using your Visa card, see For contactless payments or payments with the Dankort linked to condition 2.9, and fees may be charged for using your Visa card the mobile phone, there is an upper limit per transaction without in countries outside the EU/EEA you having to key in your PIN. The applicable amount limit is available on nordea.dk/visadankort. Nordea may adjust the 2.1 Withdrawal of cash amount. Notice will only be given if the amount is adjusted You can use your card for withdrawing cash at cash machines in upwards or downwards by more than 50% in a calendar year. Denmark and abroad which accept Dankort and/or Visa card. In addition, you can use Dankort to withdraw cash at the counter at If the transaction exceeds the applicable amount limit, you will Nordea and at most other Danish banks as well as banks abroad automatically be asked to approve the payment by entering your accepting Visa card. PIN. You will be asked regularly to enter your PIN even though the amount is within the applicable amount limit. You should note that not all cash machines accept Dankort. If so, the withdrawal will be made on your Visa card. 2.7 Gaming and lotteries When you use your Dankort at retailers offering mainly gaming The fee for the use of the card and spending limits, if any, appear and lottery services, including casinos, lottery ticket vendors, from the tariff. race courses and the like, transactions may be restricted to a total maximum of DKK 5,000 per day. 2.2 Purchases at retailers 2.8 Withdrawal You can use your card to pay for goods and services at Dankort has a limit for cash withdrawals per day. The maximum retailers accepting Dankort and/or Visa cards. daily withdrawal appears from the tariff. You can use the card for mail orders and telephone 2.9 Visa card spending limits transactions. In addition, you can use the card in self- The Visa card has an overall limit for purchases and cash service machines. withdrawals within a period of 30 consecutive days. Within the overall limit, cash withdrawals from banks and cash machines Retailers will display signs on their premises or using your Visa card are subject to a daily maximum amount. The information at their website whether they accept Dankort relevant amount appears from the tariff. and/or Visa cards. 2.10 Other If a retailer owes you money, it can credit the amount to your In addition, each retailer may fix amount thresholds for the use of account via your card. the card. You must not use your card for illegal purposes, including In addition, each bank or cash machine may also fix amount purchase of goods and services which are illegal under local thresholds for each cash withdrawal.
Load more

Recommended publications
  • Savantor Marketeye: 17 October – 16 November 2020 2011
    ype text]pe text] [Type text] [Type text] Savantor MarketEye: 17 October – 16 November 2020 2011 Savantor Limited 68 Lombard St London EC3V 9LJ This is a high-level industry news and business intelligence update Tel: +44 20 7868 1734 bulletin. For further information on any of the items contained within the email: [email protected] bulletin or to discuss the potential impact of these items on your www.savantor.com business, please contact Savantor on [email protected]. Items in this issue: Savantor’s View ....................................................... 1 Vocalink wins Canadian clearing and settlement system Contactless and debit cards ............................................. 1 contract ............................................................................. 3 Norway – cash and digital currency ................................. 3 Products and Initiatives .......................................... 2 Visa Plaid acquisition opposed by Department of Standard Chartered to run customer-facing applications Justice .............................................................................. 3 in the cloud ....................................................................... 2 Shanghai Stock Exchange suspends Ant Group IPO ...... 3 Mastercard helps banks combat cyber risks using AI ....... 2 Visa to acquire YellowPepper for Latin America push ..... 4 Danske Bank to replace plastic payments cards .............. 2 UK retailers attack Visa and Mastercard over card fees .. 4 PayPal to support cryptocurrencies across consumer and
    [Show full text]
  • Glossary of Terms
    Glossary of Terms Term Definition ABCI Association of Bank Card Issuers and Merchant Acquirers ABSA Absa Bank Limited AEDO Authenticated Early Debit Order ACB Automated Clearing Bureau for the clearing of cheques and electronic payments ACSS Automated Clearing and Settlement System. ACSS is owned and operated by the Canadian Payments Association. (http://www.bank-banque-canada.ca/en/financial/financial_pay.html). Acquiring The service of accepting, processing, clearing and settling of payment transactions on the merchant’s or beneficiary’s side. Ad valorem fee A fee that varies according to the value of the transaction. ALLPS See Intecon AMEX American Express APACS Association for Payment Clearing Services. APACS is the UK trade association for payments and for those institutions that deliver payment services to customers. http://www.apacs.org.uk/media_centre/press/05_05_24.html APCA Australian Payments and Clearing Association APRA Australian Prudential Regulation Authority ASO Association of System Operators ATC Average Total Cost ATM Automated teller machine BACS (Originally an acronym for Bankers Automated Clearing Services). This is one of the three constituents of APACS and is responsible for bulk clearing of electronic payments between bank accounts by using direct debits and credits, as well as standing orders. http://www.competition- commission.org.uk/rep_pub/reports/2002/fulltext/462glossary.pdf Bankserv Bankserv is South Africa’s major Automated Payment Clearing House System Operator. http://www.bankserv.co.za/ BASA Banking Association of South Africa BESA Bond Exchange of South Africa BIN Bank Identification Number BIS Bank of International Settlements BSD Bank Supervision Department, a division of the SARB CAGR Compound Average Growth Rate Carriage fee In the case of ATM transactions, this represents the compensation paid from the issuing to the acquiring participant for the use of their infrastructure.
    [Show full text]
  • Report on the Role of Cash in Society
    DANISH PAYMENTS COUNCIL REPORT ON THE ROLE OF CASH IN SOCIETY August 2016 Report on the Role of Cash in Society Text may be copied from this publication provided that the Danish Payments Council is specifically stated as the source. Changes to or misrepresentation of the contents are not permitted. The Report can be downloaded from Danmarks Nationalbank's website, www.nationalbanken.dk, under Banking and payments, Danish Payments Council. The Report is based on information available up to 23 June 2016. Inquiries about the Report should be directed to: Danmarks Nationalbank Communications Havnegade 5 DK-1093 Copenhagen K Telephone +45 33 63 70 00 (direct) or +45 33 63 63 63 Inquiries: Monday-Friday 9:00 am-4:00 pm Email: [email protected] www.nationalbanken.dk 2 CONTENTS 1 Summary and deliberations on the cash rule ........................................................................5 2 The role of cash today ..........................................................................................................11 2.1 Introduction ....................................................................................................................11 2.2 What is cash? ................................................................................................................11 2.3 Use of cash as a means of payment .............................................................................. 12 2.4 Digitisation and the use of cash ......................................................................................15
    [Show full text]
  • Interchange Fee Na Rynku Polskim
    National Bank of Poland Payment Systems Department Analysis of the functioning of the interchange fee in cashless transactions on the Polish market Warsaw, January 2012 TABLE OF CONTENTS Introduction ......................................................................................................................... 4 Chapter 1. Description of the payment card market ......................................................... 6 1.1. Types of payment cards .......................................................................................... 6 1.2. Payment card systems ............................................................................................ 7 1.2.1. Types of systems and business models ............................................................... 7 1.2.2. Examples of schemes .........................................................................................10 1.3. Importance of the payment card market for its participants and the development of cashless transactions .........................................................................................11 Chapter 2. The development of the payment card market in Poland compared to other countries ............................................................................................17 2.1. Selected indicators of the development of the Polish payment card market ...........17 2.2. Selected indicators of the development of the payment card market - Poland against other EU countries .....................................................................................22
    [Show full text]
  • How Will Traditional Credit-Card Networks Fare in an Era of Alipay, Google Tez, PSD2 and W3C Payments?
    How will traditional credit-card networks fare in an era of Alipay, Google Tez, PSD2 and W3C payments? Eric Grover April 20, 2018 988 Bella Rosa Drive Minden, NV 89423 * Views expressed are strictly the author’s. USA +1 775-392-0559 +1 775-552-9802 (fax) [email protected] Discussion topics • Retail-payment systems and credit cards state of play • Growth drivers • Tectonic shifts and attendant risks and opportunities • US • Europe • China • India • Closing thoughts Retail-payment systems • General-purpose retail-payment networks were the greatest payments and retail-banking innovation in the 20th century. • >300 retail-payment schemes worldwide • Global traditional payment networks • Mastercard • Visa • Tier-two global networks • American Express, • China UnionPay • Discover/Diners Club • JCB Retail-payment systems • Alternative networks building claims to critical mass • Alipay • Rolling up payments assets in Asia • Partnering with acquirers to build global acceptance • M-Pesa • PayPal • Trading margin for volume, modus vivendi with Mastercard, Visa and large credit-card issuers • Opening up, partnering with African MNOs • Paytm • WeChat Pay • Partnering with acquirers to build overseas acceptance • National systems – Axept, Pago Bancomat, BCC, Cartes Bancaires, Dankort, Elo, iDeal, Interac, Mir, Rupay, Star, Troy, Euro6000, Redsys, Sistema 4b, et al The global payments land grab • There have been campaigns and retreats by credit-card issuers building multinational businesses, e.g. Citi, Banco Santander, Discover, GE, HSBC, and Capital One. • Discover’s attempts overseas thus far have been unsuccessful • UK • Diners Club • Network reciprocity • Under Jeff Immelt GE was the worst-performer on the Dow –a) and Synchrony unwound its global franchise • Amex remains US-centric • Merchant acquiring and processing imperative to expand internationally.
    [Show full text]
  • Report on Non-Banks in the Payments Market
    DANISH PAYMENTS COUNCIL REPORT ON NON-BANKS IN THE PAYMENTS MARKET September 2016 Report on non-banks in the payments market Text may be copied from this report provided that the Danish Payments Council is specifically stated as the source. Changes to or misrepresentation of the contents are not permitted. The report can be downloaded from Danmarks Nationalbank's website, www.nationalbanken.dk, under Banking and payments, Danish Payments Council. The report is based on information available up to 19 August 2016. Inquiries about the report should be directed to: Danmarks Nationalbank Communications Havnegade 5 DK-1093 Copenhagen K Telephone +45 33 63 70 00 (direct) or +45 33 63 63 63 Inquiries: Monday-Friday 9:00 am-4:00 pm Email: [email protected] www.nationalbanken.dk 2 CONTENTS 1 Introduction and conclusions.................................................................................................5 1.1 Conclusions .....................................................................................................................5 1.2 Background .....................................................................................................................6 1.3 Definition and scope ........................................................................................................7 1.4 Contents ..........................................................................................................................7 2 The payments market undergoing change ............................................................................9
    [Show full text]
  • List of Charges for Mastercard Direct Effective from 1 January 2018
    List of charges for Mastercard Direct Effective from 1 January 2018 Annual card fee (standard) DKK 60 Contactless debit function of MasterCard Fee per cash withdrawal of foreign exchange for - with Danske Hverdag1 DKK 0 Direct travel at Danske Bank's ATMs in Denmark - with Danske Hverdag+2 DKK 0 The limit on amounts of purchases made in Standard fee DKK 35 shops without the use of a PIN is DKK 200 - with Danske Hverdag DKK 35 Other fees per purchase. You may occasionally be - with Danske Hverdag+ DKK 0 Establishment fee DKK 0 asked to confirm your transaction by means The conversion rate is Danske Bank's cash selling rate (notes). of your chip or PIN. Express order DKK 200 Conversion rates for use outside Denmark Fee per cash withdrawal at International courier service DKK 150 Conversion is based on the exchange rates Danske Bank's ATMs in Denmark Replacement card DKK 100 set by Mastercard at any time plus a - Standard fee DKK 0 variable margin set by Danske Bank, - with Danske Hverdag DKK 0 Copy of receipts (per receipt) DKK 200 currently 1.5% for European* and - with Danske Hverdag+ DKK 0 - We charge this fee only if the 2,0% for other currencies. amount stated in the copy of the receipt is equal to the disputed Other ATMs in Denmark Conversion takes place at the exchange rate amount withdrawn from the Standard fee DKK 10 prevailing on the same business day as the account. - with Danske Hverdag DKK 10 transaction is completed in Nets. The - with Danske Hverdag+ DKK 0 exchange rates applicable at any time are København Transaction fee – available at nets.eu/valutakurser (website in Using the card function is free of charges, Fees for use of MasterCard Direct Danish only).
    [Show full text]
  • An Examination of the Economics of Payment Card Systems Table of Contents
    An examination of the economics of payment card systems Table of contents Page 2 Abstract 3 1 Introduction 3 2 The history of the payment card 4 3 Different types of payment card 4 3.1 Pay later cards 5 3.2 Pay now cards 5 3.3 Pay before cards 5 3.4 Multifunction cards 5 4 How payment card markets work 5 4.1 The economics of two-sided markets 6 4.2 Challenges in two-sided markets 8 4.3 The structure of card systems 9 4.4 Players in the payment card market 12 5 Interchange fees 12 5.1 Equalisation mechanism 12 5.2 The non-discrimination rule and the honour all cards rule 12 5.3 Types of interchange fee 13 5.4 Criticism of the interchange fee 14 5.5 Regulation of interchange fees 15 5.6 Economic findings on interchange fees 16 6 Conclusion 17 7 Bibliography Abstract would lead one to expect. This paper aims to provide The use of payment cards has increased subs- an understanding of the various payment card types tantially in recent years. These cards have become and systems, their mode of operation and the cost/ an indispensable and natural payment instrument for benefit considerations of the parties involved. Parti- many consumers. On closer examination, a complex cular attention is paid to the economics of two-sided network of interdependencies underlies these incons- markets, the principles of which govern the operation picuous pieces of plastic. The coordination of all the of payment card systems. Finally, the paper examines parties involved in a payment card system is far more the interchange fees which – arguably – are required complex than the simplicity of the payment process for the smooth functioning of payment card systems.
    [Show full text]
  • Go Beyond Physical Cards DIGITAL
    Your foundation for a Go beyond physical cards DIGITAL Nets Digital Life Cycle Service (DLCM) Service enables you with one FIRST interface to create digital customer journeys for your full card portfolio card experience of physical and virtual cards. Both as mono- and multi-scheme issuer, you benefit greatly from the state-of-the-art scheme agnostic interface delivered via the DLCM API. One API Interface for three modular services enables you to provide a digital first user experience for your customers with minimal investments, while reducing operating expense. Customers can intuitively provision their cards to their preferred digital wallet and enable automatic updates of latest card credentials at the merchants, and securely and compliant be enabled to read all card credentials directly in the mobile bank app. End-to-End Digital: Solution provides full digitised card life-cycle management Low cost: Reduce investments and running costs for the foundation of your digitised card strategy Cost transparency: Complete cost transparency for the full lifetime of the service Simplicity: One offload of cards from CMS for access to the full stack of modular services Customer Satisfaction: Attract and retain customers with leading card payment experiences Grow Digital Turnover: Increase customer usage by securing top-of-wallet status Seamless UX: Easily integrates into an existing digital banking experience PCI Scope: Option to remove your PCI Scope Live today: In production with customers xPay Complementary services to DLCM API: MDE isa) S ( (V Ma TS st V er Instant Issuing e token se ca em rv rd h ic ) Sc e Instant enablement of card usage A Notifications c c o (Visa) Instant notifications to the u DLCM s n e customer for card usage events.
    [Show full text]
  • Danmarks Nationalbank Costs of Payments in Denmark Havnegade 5 DK-1093 Copenhagen K 1
    Danmarks Nationalbank Danmarks Costs of payments in Denmark Nationalbank Costs of payments in Denmark Danmarks Nationalbank Havnegade 5 DK-1093 Copenhagen K Telephone +45 33 63 63 63 Fax +45 33 63 71 29 www.nationalbanken.dk E-mail: [email protected] 00008_omkost_omslag.indd008_omkost_omslag.indd 1 222-11-20112-11-2011 114:52:284:52:28 COSTS /&0!9-%.43IN DENMARK Text may be copied from this publication provided that Danmarks Nationalbank is specifically stated as the source. Changes to or misrepresentation of the content are not permitted. #osts OFPAYMENTSin Denmark is available on Danmarks Nationalbank's website: www.nationalbanken.dk under publications. This report is based on information available up to November 2011. #osts OFPAYMENTSin Denmark is available on request from: Danmarks Nationalbank Communications Havnegade 5 DK-1093 Copenhagen K Tel. +45 33 63 70 00 (direct) or +45 33 63 63 63 Office hours: Monday-Friday 9.00 am-4.00 pm. E-mail: [email protected] www.nationalbanken.dk Explanation of symbols: - Magnitude nil 0 Less than half of unit employed • No applicable data or data irrelevant …Data not available Danmarks Nationalbank, Copenhagen ISBN 978-87-87251-93-8 (Online) ISBN 978-87-87251-94-5 Contents PREFACE ................................................................................................ 5 SUMMARY ............................................................................................ 7 Background and conclusion ...............................................................
    [Show full text]
  • Open Terminal Requirement Specification 2006–07–01
    Technical Reference Guide – Open Terminal Requirement Specification 2006–07–01 Public Version © PBS A/S 1999–2006 i 2006–07–01 Technical Reference Guide – Open Terminal Requirement Specification Version 2.5 How to Contact PBS A/S PBS A/S Lautrupbjerg 10 DK–2750 Ballerup DENMARK Tel.no.: +45 44 68 44 68, att. PE 862 Chip og Terminaler Fax.no.: +45 44 86 09 30 E–mail: [email protected] Web–site: www.pbs.dk Disclaimers Copyright Information This document contains information proprietary to PBS A/S. The informa- tion, whether in the form of e.g. text, schematics, tables, drawings or illustra- tions, must not, without the prior, written consent of PBS A/S, be copied, re- produced or otherwise duplicated, disclosed outside the recipient company or organization or used by the recipient for purposes other than those explic- itly agreed in writing with PBS A/S. This limitation does not limit the recipient’s right to duplicate and use infor- mation contained in the document if such information is received from another source without restriction provided such source is not in breach of an obligation of confidentiality towards PBS A/S. Trademarks PBS and the PBS–logo are registered trademarks of PBS A/S. Dankort, VISA, Eurocard, MasterCard and Maestro names and logos are registered trademarks of PBS A/S and its international partners. Limitation of Liability Under no circumstances shall PBS A/S be liable for any direct incidental, in- direct, special or consequential damages whatsoever (including but not lim- ited to lost profits) arising out of or relating to this document or the informa- tion contained in it, even if PBS A/S has been advised, knew or should have known of the possibility of such damages.
    [Show full text]
  • Payment System Ownership and Access Models ComparaVe Analysis of 13 Countries December 2015
    Payment system ownership and access models Comparave analysis of 13 countries December 2015 © 2015, Lipis Advisors GmbH. All rights reserved. Proprietary and confidenAal Contents 2 Sec&on Page number § Execuve summary 3 § Scope, methodology, and basic data 4 § Drivers of change 11 § Ownership, governance, outsourcing, and tendering 17 § Product diversity & features index 33 § Indirect access 44 § Access models / network topology 46 § Role of SWIFT 53 § Scheme membership criteria & indirect parAcipaon 57 § Conclusions 63 § Appendices 66 § Condensed country profiles 67 § DefiniAons and glossary of abbreviaons 148 § Detailed methodology 151 © 2015, Lipis Advisors GmbH. All rights reserved. Proprietary and confidenAal ExecuAve summary 3 UK market is feature rich UK features and overall key findings Project scope UK payment system infrastructures exhibit rich features in The Payment Systems Regulator (PSR) is reviewing access and comparison with the other payment systems in scope and high ownership arrangements, specifically whether compeAAon is product diversity. The UK is one of 6 countries that has a low-value effecAve in the provision of infrastructure services related to real-Ame payment system. It is one of the few markets in scope that interbank payment systems and whether the supply of indirect has had a compeAAve tender for central infrastructure provision. access to payment systems is working well for service-users. The UK is typical in having a mix of regulatory and commercial The PSR engaged Lipis Advisors to provide fact-based structural drivers, but unusual in having both an acAve regulator and comparisons to payment systems in 12 countries and the UK. The commercial impulses feeding new developments.
    [Show full text]