41 Meaning of “payment system”
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

“Payment system” etc

41  Meaning of “payment system”

(1)     In this Part “payment system” means a system which is operated by one or more persons in the course of business for the purpose of enabling persons to make transfers of funds, and includes a system which is designed to facilitate the transfer of funds using another payment system.

(2)     But “payment system” does not include—

(a)     any arrangements for the physical movement of cash;

(b)

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