BRBL: Concepts and Practice · Part B: Important Acts and Laws I

Chapter 9: Payment systems

How the PSS Act authorises payment systems, makes settlement final, and punishes bounced e-mandates.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 9.1The Act and its termsp. 115
• 9.2Authorisationp. 116
• 9.3Regulation and settlement finalityp. 117
• 9.4Offences and section 25p. 118
• 9.5Systems in use; customer protectionp. 119
• Exam traps and quick checksp. 120
• Practice: 16 questions in three roundsp. 121
• Answers, with every wrong option explainedp. 123
• Make it stickp. 125
• Chapter 9 on one pagep. 126

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.