electronic money definition

electronic money means electronically stored monetary value as represented by a claim against us.

electronic money means electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC, but excluding monetary value as referred to in Article 1(4) and (5) of that Directive;" ;

electronic money means money in an electronic form.

Examples of electronic money in a sentence

• IFX is authorised by the Financial Conduct Authority (“FCA”) under the Electronic Money Regulations 2011 (“EMRs”) (Firm Reference Number: 900517) and has been granted permission to issue electronic money (“e-money”) and provide payment services.

• The Electronic Money in Your Account will be accepted by other people (e.g. other customers of Metropolitan).

• Once Your Account has Electronic Money You will be able to: - send Electronic Money to other Metropolitan customers; - send money to a non-Metropolitan customer; - convert Electronic Money from one currency to another (GBP, EUR or USD); - make payments and withdraw cash using Your virtual debit card, Apple & Google Pay and/or with the Your physical Metropolitan payment card.

• When You send Money to Your Account, We will issue an equivalent value of Electronic Money without delay in the same currency, which will be credited to Your Account.

More Definitions of electronic money

electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making Payment Transactions, and which is accepted by a natural or legal person other than the electronic money issuer.

electronic money means monetary value as represented by a claim on the issuer which is –

electronic money means electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC;

electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;

electronic money means monetary value as represented by a claim on the issuer which is:

electronic money. Means the monetary value available at any given time that represents a debt payable by the Issuer to the User. Electronic Money is issued by the Issuer in exchange for the User’s delivery of the corresponding funds and constitutes a means of payment exclusively accepted by the Recipients. The Issuer stores the Electronic Money on its server in an Account opened for this purpose.

electronic money means the Client’s money charged or transferred to and held in a Paynovate Account, designated for Payment Transactions via the System.