Electronic money Edit
|| the payer's transfer of a monetary claim on a party acceptable to the payee. Typically, claims take the form of banknotes or deposit balances held at a credit institution or at a central bank.
Payment is "[a] transfer of value."
- ↑ Report on Electronic Money, Annex 1, Glossary, at 40.
- ↑ Information Society IT Examination Handbook, Retail Payment Systems, App. B, Glossary.
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