Examples of using A payment system in English and their translations into Serbian
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A payment system is more efficient the more users there are worldwide.
In October 2014, Kmart reported a payment system breach in an eerily similar letter.
If a payment system is not efficient and effective, it can jeopardise financial activity and expose its participants and their clients to risks.
DASH is not just another digital currency,as it is also a payment system, which is completely decentralized.
Here we select a payment system, after which you will be redirected to the payment page.
In short, the more PayPal Casino deposits are made online,the more the mobile casino industry can show how trusted PayPal is as a payment system.
The accord's remaining signatories are currently developing a payment system that would allow trade and business ventures with Iran to continue.
A payment system needs stability, and that stability cannot be reached if you aim to be a payment network before you are an established asset.
Instant Transfer Order- means the transfer order in a payment system in electronic form that has been prepared for the execution of a payment order.
A payment system shall acquire the status of important payment system as of the publication of the decision from paragraph 1 hereof on the website of the National Bank of Serbia.
Right back from when Satoshi Nakamoto wrote the white paper on Bitcoin,he envisaged it as a payment system and a currency that would operate totally online.
Bitcoin is a Cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.
When bitcoin creator with the alias Satoshi Nakamoto wrote the white paper on the cryptocurrency,he saw it as a payment system and a currency that would operate online.
China has developed a payment system called CIPS for cross-border payments with the yuan to promote the currency as a global financial instrument.
Considering the importance of financial risk management,exposure of participants to this risk in a payment system is entirely eliminated by selecting the National Bank of Serbia as the settlement agent.
PayPal, a payment system whose active number of users has surpassed 254 million in Q3 2018, has recently launched a blockchain-based reward system for its employees.
With that in mind,the payment system operator must pay particular attention to risk management in a payment system and ensure mechanisms for protection against those risks if the netting ratio decreases.
PayPal, a payment system with more than 254 million active users in the third quarter of 2018, has recently launched a blockchain based remuneration system for its employees.
Operator's internal audit is important because it ensures independent and comprehensive assessment of the adequacy of the payment system management system, and particularly the internal control system andthe risk management in a payment system.
The National Bank of Serbia may determine that a payment system is important if that system fulfils the criteria laid down in Article 166, paragraph 1 of the Law on Payment Serviceshereinafter.
A payment system which qualified as an important payment system until the effective date of this Decision in accordance with the provisions of the Decision on the Manner and Criteria for Determining Important Payment Systems(RS Official Gazette, No 49/2015) shall retain that status in accordance with this Decision until it ceases to fulfil conditions for important payment system stipulated by the Law.
The minimum requirement to be met to ensure protection from financial risk in the payment system is designing a payment system in such a way that the operating rules clearly determine the steps to be taken in all cases when a participant cannot settle its liabilities e.g.
The operator of a payment system is a legal person that submits a request to the NBS for approval to operate a payment system and that, upon receiving the approval, becomes responsible, in accordance with the Law, for managing the payment system's operation.
To ensure that participants are able to appropriately manage risks to which they are exposed by participating in a payment system, the operator should provide them on time with accurate and complete data and information required for the risk management process, which includes all necessary technical documentation, manuals, etc.
Operational problems in a payment system may lead to financial losses of participants, operators and other entities relevant to the operation of the system, and may jeopardise the reputation of the system. .
These guidelines are recommendations- minimum expectations that operators need to meet when establishing a payment system. The guidelines are also a source of information to potential participants and all interested parties about the payment system design(characteristics) and the risks they would incur by participating in the system. .
Operating rules of a payment system Payment systems have specific characteristics and are important for a country's economy, thus their functioning needs to be regulated so as to reduce the possibility of systemic shocks and ensure the stability of the overall financial infrastructure.
This Decision defines the minimum value of domestic payment transactions in dinars which must be executed in a payment system determined as important in accordance with Article 166 of the Law on Payment Services and the decision stipulating the manner and criteria for the determination of important payment systems(hereinafter: an important payment system). .
Operational risk in a payment system is the possibility of occurrence of negative effects on the operation of the payment system due to omissions of employees, deficiencies in information and other systems, inadequate internal procedures and processes, as well as the occurrence of unforeseeable external events.
If the decision from paragraph 1 hereof is adopted for a payment system whose operator is licensed, that system shall adjust its operating rules within the deadline set in the decision which cannot be longer than two months following the day of the delivery of the decision to the system operator.