Page 350 - The Digital Financial Services (DFS) Ecosystem

Ecosystem
The cost to a DFS provider of delivering a digital financial service.
This could be for a bundle of services (e.g. a "wallet") or for indi-
A broad term including any payment which is executed electron-
A business model in which a provider groups a collection of ser-
vices into one product which an end user agrees to buy or use.
vider; often a government function used specifically for bank
A fund that insures the deposits of account holders at a pro-
funds safeguarding.
vidual transactions.
Related to transactions which transfer value from one end party to another.
accounts.
Alternative and Related T erms Definition This term can mean a variety of different things. In banking, float is created when one party's account is debited or credited at a different time than the counterparty to the transaction. eMoney , as an obligation of a non-bank provider , is sometimes referred to as float.
Mobile Payment, Electronic Funds Transfer

Account. Deposit Insurance Packaging, Tying Real Time

T erm

(continued) Float Escrow Deposit Guarantee System Bundling Transaction Cost Payments Digital Payment Immediate Funds Transfer Pull Payments

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