AU-1.2.8
Payment service providers, may act as an intermediary for the following services:
(a) Services enabling cash to be placed in clients' money account and all of the operations required for operating the account;
(b) Services enabling cash withdrawals from clients' money account and all of the operations required for operating the account;
(c) The settlement of the direct debits of payment transactions;
(d) Integrating customer delivery channels to enterprises to enable transactions at delivery channels (e.g. ATMs, POS, Interactive Voice Response, mobile, internet); and
(e) Interfacing with external networks/institutions (e.g. national switch, VISA, MasterCard), enabling automated exchange of transactions between the enterprise and external networks.
Amended: January 2019
Amended: April 2017
April 2016
Amended: April 2017
April 2016