Bill-paying service

Bill-paying service

Published: 1/2/2015

The bill-paying service is a service in which a payment services provider, on the basis of a contract with the payee, collects funds from the payer, irrespective of the manner of their collection, and makes the collected amount available to the payee within time cycles determined by a contract (e.g. electricity, water, gas and other bills).

Metodologija - en - usluga plaćanja računa

Methodology

Published: 19/1/2016
TABLE PS1 Bill-paying service transactions in the Republic of Croatia in kuna 
 
Data presented in this report are collected on the basis of the Decision on the obligation to submit data on the payment system and electronic money (OG 147/2013) and the accompanying Instructions. 
 
This report presents data about the number and value of national payment transactions resulting from the bill-paying service, initiated paper-based and electronically, which credit institutions, payment institutions, or third parties acting in the name of and for the account of a credit institution on the basis of a contract, have executed for their payment service users – consumers and non-consumers in the Republic of Croatia in kuna in the reporting period.  
 
Definitions and descriptions
 
1. Consumer 
"Consumer" means a natural person who, in payment service contracts covered by the Payment System Act (OG 133/2009 and 136/2012) is acting for purposes other than his/her trade, business or profession, as well as a natural person concluding a contract for the issue of electronic money pursuant to the Electronic Money Act (OG 139/2010) outside the area of his/her business activity and freelance occupation.
 
2. Non-consumer 
"Non-consumer" means a legal or natural person other than the consumer.
 
The following are included:
  • legal persons (e.g. corporates, institutions, cooperatives, associations, foundations etc.), craftsmen and other natural persons employed as freelancers or carrying out an economic activity when entering into a contract on payment services within the area of their economic activity or freelance occupation,
  • entities that do not have legal personality, but that may be the holders of payment accounts (e.g. bodies  of state administration, representative offices etc.).
 
3. Bill-paying service
The bill-paying service is a service in which a credit institution, on the basis of a contract with the payee, collects funds from the payer, irrespective of the manner of their collection, and makes the collected amount available to him within time cycles determined by a contract (e.g. electricity, water, gas and other bills), pursuant to the provisions of the Payment System Act, which defines the deadlines for the execution of payments.
 
The following are also included:
  • payments for the purchase of e-vouchers, insurance policies etc., when executed as a bill-paying service (e.g. a payment order with a clearly defined payer and payee is initiated at the moment of purchase, funds are collected and the collected amount is made available to the payee within time cycles specified by the contract), in accordance with the provisions of the Payment System Act determining the deadlines for the execution of payment etc.
4. National payment transaction 
"National payment transaction" means a payment transaction the execution of which involves a payer's payment service provider and a payee's payment service provider, or only one payment service provider, which operate in the Republic of Croatia in accordance with Article 5 of the Payment System Act (OG 133/2009 and 136/2012).
 
The national payment transaction of bill-paying services is counted on the payer's side.