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Definition: Payment service user
Category: ECB terminology
Natural or legal person that makes use of a payment service as payer and/or payee. The payer is the party in a payment transaction issuing the payment order or agreeing to the transfer of funds to a payee. The payee or beneficiary is a natural or legal person that is the intended final recipient of funds, which are the subject of a payment transaction. http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:341:0001:0232:EN:PDF
Source:
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
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