A payment account is an account held in the name of one or more consumers or payment service users (PSUs). This account is primarily used for the execution of payment transactions (e.g. direct debits, transfers and/or card payments).
Payment Account
Related terms in the category Payments
- Autogiro
- BBAN
- BIC
- Business Day
- Clearing
- Clearing codes
- Correspondent banks
- Cross-border Payments
- Direct Debit
- ECB
- Future Value Date
- IBAN
- Instant Payment
- Payee
- Payer
- Payment Account
- Payment Order
- SCT
- SDD
- SEPA
- SEPA Direct Debit
- Settlement
- SIP Settlement Model
- Standard Settlement Model
- Swift
- Value Date