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	<title>TaxGuru &#187; electronic payment transactions</title>
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		<title>RBI Directions for opening and operation of Accounts and settlement of payments for electronic payment transactions involving intermediaries</title>
		<link>http://taxguru.in/rbi/rbi-directions-for-opening-and-operation-of-accounts-and-settlement-of-payments-for-electronic-payment-transactions-involving-intermediaries.html</link>
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		<pubDate>Thu, 26 Nov 2009 03:02:50 +0000</pubDate>
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				<category><![CDATA[RBI]]></category>
		<category><![CDATA[aggregators]]></category>
		<category><![CDATA[bill payments]]></category>
		<category><![CDATA[commerce service providers]]></category>
		<category><![CDATA[electronic commerce]]></category>
		<category><![CDATA[electronic modes]]></category>
		<category><![CDATA[electronic payment transactions]]></category>
		<category><![CDATA[facilitation]]></category>
		<category><![CDATA[gateway service providers]]></category>
		<category><![CDATA[intermediaries]]></category>
		<category><![CDATA[mobile commerce]]></category>
		<category><![CDATA[orderly conduct]]></category>
		<category><![CDATA[payment gateway]]></category>
		<category><![CDATA[payment instrument]]></category>
		<category><![CDATA[settlement systems]]></category>
		<category><![CDATA[system participants]]></category>
		<category><![CDATA[system providers]]></category>

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		<description><![CDATA[The use of Electronic/Online Payment modes for payments to merchants for goods and services like bill payments, online shopping etc. has been gaining popularity in the country. With a view to safeguard the interests of the customers and to ensure that the payments made by them using Electronic/Online Payment modes are duly accounted for by the intermediaries receiving such payments and remitted to the accounts of the merchants who have supplied the goods and services without undue delay]]></description>
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