Interpretive Letter #1175 December 2020 - Office of the …
https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1175.pdf
WEBNov 16, 2020 · A [ OpSub ] transaction involves four parties: (1) a payment portal website or the front-end processor (Platform Partner),2 (2) an individual or entity (e.g., business, contractor, [ ] [ ]) that receives a payment (Payee), (3) an individual or entity transferring money to the Payee in return for services provided (Payor), and (4) an acquiring ba...
DA: 52 PA: 29 MOZ Rank: 15 Up or Down: Up