mobile settlement service vs mobile payment service

Both phrases are correct, but they are used in different contexts. 'Mobile settlement service' typically refers to the process of settling financial transactions on a mobile platform, while 'mobile payment service' specifically focuses on the ability to make payments using a mobile device.

Last updated: March 25, 2024 • 508 views

This phrase is correct and commonly used in the context of settling financial transactions on a mobile platform.

"mobile settlement service"

This phrase is used to describe a service that facilitates the settlement of financial transactions through a mobile device.

Show examples from the web [+]

Applying discriminatory prices for the primary clearing and settlement services
There is little evidence that provision of clearing and settlement services is inadequately regulated.
organisations providing clearing or settlement services subject to oversight by a competent authority;
Disclosure of information concerning clearing and settlement services
In July 2006 the Eurosystem decided to evaluate opportunities to provide settlement services for securities transactions.
In view of this general interest, the ECB met with the European Central Securities Depositories Association in 2003 to discuss recent developments affecting settlement service providers.
Furthermore, the SSSs are interrelated with monetary policy through their role in providing settlement services for collateral eligible in Eurosystem credit operations.
Such systems provide night-time settlement services, mainly designed to execute bulk and retail transactions.
Significant custodians should provide sufficient information to enable their customers to identify and accurately evaluate the risks associated with securities clearing and settlement services.
ECB Opinion on Dutch oversight of clearing and settlement services
applying discriminatory prices for the provision to EB of primary clearing and settlement services.
Therefore, Clearstream's refusal to supply hampered the delivery of innovative secondary clearing and settlement services for cross-border securities transactions.
Domestic settlement services have been traditionally been carried out by Central Securities Depositories ("CSDs") such as Crest in the UK and Sicovam in France.
It is not possible for exchanges to compete effectively with one another unless they can get fair access to clearing and settlement services (including netting).
The core settlement services should be managed on a non-profit basis in order to ensure interoperability and transparent/value-for-money fees for users.
Consultancy, actuarial, risk assessment and claim settlement services
Opinion on the oversight of clearing and settlement services (CON/ 2007/7)
provide settlement services to crossborder large-value net settlement systems.
2.3 TARGET2-SECURITIES On 7 July 2006 the ECB announced that the Eurosystem was evaluating opportunities to provide settlement services for securities transactions in euro which are settled in central bank money.
ECB Opinion on supervision by De Nederlandsche Bank of clearing and settlement services

Alternatives:

mobile payment service
mobile banking service
mobile money transfer service
mobile wallet service
mobile transaction service

This phrase is correct and commonly used to describe services that enable making payments using a mobile device.

"mobile payment service"

This phrase is used to describe a service that allows users to make payments through a mobile device, often using apps or mobile wallets.

Show examples from the web [+]

Directive 2007/64/EC on payment services (cards, mobile payments, credit transfers, direct debits, etc.) has opened up this market to a new category of service providers: the payment institutions.
Since then, the retail payments market has experienced significant technical innovation, with rapid growth in the number of electronic and mobile payments and the emergence of new types of payment services in the market place, which challenges the current framework.
It is estimated that by 2014 over 500 million consumers will be using money transfer and payment services via their mobile phones.
and (iii) mobile payments where the mobile operator is acting as an intermediary for the sale of goods and services.
Such national measures would be likely to lead to significant barriers to the completion of the internal market in the area of card-based payments and internet and mobile payments based on cards and would therefore hinder the freedom to provide services.
Only those offices (regardless of their size and operating hours) that provide payment services with cashless clearing and settlement are included, while mobile offices are not included.
A ban on interchange fees for debit card transactions also addresses the threat of exporting the interchange fee model to new, innovative payment services such as mobile and online systems.
In developing those requirements, EBA should pay particular attention to the fact that the standards to be applied are to allow for the use of all common types of devices (such as computers, tablets and mobile phones) for carrying out different payment services.
Those measures typically include encryption systems based on personal devices of the payer, including card readers or mobile phones, or provided to the payer by its account servicing payment service provider via a different channel, such as by SMS or email.
If mobile payments are today still rudimentary and unusual, the situation could change completely in the next three years.
ECB Annual Report 2009 pan-European online payment solution, 21 as well as on mobile payments and electronic invoicing.
· Develop common EU-wide standards and rules for mobile payments ('m-cash').
Mobile payments (e.g. SMS)
Its tasks are to analyse the market for electronic and mobile payments and develop a pan-European vision for banks» activities in this field.
Finally, considerable progress has been made in the fields of e-payments and mobile payments.
Progress has also been made in the fields of e-payments and mobile payments.
A solid growth of internet payments and mobile payments should be accompanied by a generalised enhancement of security measures.
RBS WorldPay: provision of merchant payment services.
Banks are already merging or outsourcing their payment services.
Those designated competent authorities should be independent from payment service providers.

Alternatives:

mobile settlement service
mobile banking service
mobile money transfer service
mobile wallet service
mobile transaction service

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mobile settlement service vs mobile payment service