A credit transfer is a payment transaction by which a payment services provider transfers funds to a payee's account against a payer's order, and the payer and the payee can be the same person.

A standing order is a payment service by which a payment service provider, on the basis of a contract on the standing order with its payment services user, periodically on a certain or determinable day transfers a certain or determinable amount from the payment account of its payment services user to credit the payment account of the payee (e.g. payment of the annuity or instalment of a loan, etc.). The contract on the standing order can be separately entered into or as a provision of another contract.