"National Payment Transaction"

testanalyst

Hi all,

I am new to this site and I am working as a software test analyst in BFSI domain.

Can someone please explain me what is meant by "National Payment Transaction" with a suitable example.

Regards,
testanalyst

pmduk

This is a UK oriented site and as such, most of the knowledge users possess relates to this market. You might want to try a site geared for the market you are after. Google might help you find one.

barak

I had never heard of it but Google is very useful! [EDIT: As pmduk also says!]

http://register.consilium.europa.eu/pdf/en/11/st11/st11019.en11.pdf

See Page 17

(28) ’national payment transaction’ means a payment transaction initiated by a payer or by a
payee, where the payer’s PSP and the payee’s PSP are located in the same Member State;

[PSP = payment service provider]

testanalyst

Hi barak,

Thanks for the reply.
Yes, I did read the same definition across a number of sites returned by Google but, there was one particular definition that got me all confused,
"A national payment transaction is when a payment service and the payment service user are in the same country and the transaction takes place there. The location of the bank does not matter.
For example, if an English bank were to offer a payment service through its branch in Malta to a Maltese
customer, any transaction between the Maltese customer and the English branch in Malta would be a national payment transaction. If the same branch operating in Malta were to offer a service that was then paid for by a customer in Belgium, then the relevant transaction would be cross-border and not a national payment transaction."

In the above who is the Maltese customer, a payer who has an account with the English branch in Malta and is the Belgian customer also a payer who has an account with the same branch?

Regards,
ta

jjlandlord

Are you working on your own or within a company?

I would think your paid colleagues are the best ones to ask these simple questions.
If not, well time for a career re-think...

testanalyst

Hi,

Unfortunately, most of the senior colleagues on this project have resigned and left, the few left are not of much help

Never-mind, request the moderator to lock or delete this thread.

Regards,
ta