PART 1U.K.Payment services
1. Subject to Part 2, the following, when carried out as a regular occupation or business activity, are payment services—U.K.
(a)services enabling cash to be placed on a payment account and all of the operations required for operating a payment account;
(b)services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account;
(c)the execution of payment transactions, including transfers of funds on a payment account with the user's payment service provider or with another payment service provider—
(i)execution of direct debits, including one-off direct debits;
(ii)execution of payment transactions through a payment card or a similar device;
(iii)execution of credit transfers, including standing orders;
(d)the execution of payment transactions where the funds are covered by a credit line for a payment service user—
(i)execution of direct debits, including one-off direct debits;
(ii)execution of payment transactions through a payment card or a similar device;
(iii)execution of credit transfers, including standing orders;
(e)issuing payment instruments or acquiring payment transactions;
(f)money remittance;
(g)payment initiation services;
(h)account information services.