Regulatory Alerts2020-01-01
Annex 1: Definitions of Individual Terms Used in Payment Reporting Templates
The Central Bank of Montenegro issued this document to define individual terms used in regulatory templates annexed to its Decision on payment services and strong customer authentication. The text provides precise legal and operational definitions for payment instruments, transaction types, and service providers to ensure standardized reporting. These definitions cover specific categories such as ATM functions, contactless payments, e-money mechanisms, and exemptions from strong customer authentication requirements.
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