Can I read Safeguarding End-User Funds Guidelines on EtoBox?

Safeguarding End-User Funds Guidelines by dmpaymentpal is a document available to read on EtoBox.

What is Safeguarding End-User Funds Guidelines about?

Payment Service Providers (PSPs) must safeguard end-user funds by segregating them in dedicated accounts and implementing a safeguarding-of-funds framework to ensure reliable access and timely returns in case of insolvency. The framework must include detailed policies, procedures, and risk management strategies, and be approved annually by senior officers and the board. Additionally, an independent review of compliance with regulations is required every three years to identify and address any vulnerabilitie

Author

dmpaymentpal

Language

EN