PSP

Glossary - PSP

As a Payment Service Provider, Merchants outsource their transaction security to us. It is our top priority to ensure that transaction data is kept secure at all times.

A payment service provider (PSP) offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.

Typically, a PSP can connect to multiple acquiring banks, card, and payment networks. In many cases the PSP will fully manage these technical connections, relationships with the external network, and bank accounts. This makes the merchant less dependent of financial institutions and establishing these connections directly - especially when operating internationally.

A full service PSP can offer risk monitoring services for card and bank based payments, transaction payment matching, reporting and fund remittance and fraud protection in addition to multi-currency functionality and services.

Perpetual Payments Limited is part of the Voice Commerce Group. | Voice Commerce Limited (company number 5428358) is authorised by the Financial Services Authority under the Payment Service Regulations 2009 (register reference 504312) for the provision of payment services and holds a consumer credit licence (number 624404/1). VoicePay Limited (company number 5042556) has been issued with a small e-money issuers certificate and is regulated for the provision of payment services by the Financial Services Authority. Voice Commerce Group is registered as an ISO/MSP under Visa & MasterCard rules.