(a) the operation of the electronic money business within the meaning of the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz - ZAG) as well as the provision of the services additionally covered by the licence to operate the electronic money business, such as the provision of payment services (in particular the operation of the acquisition business) or the granting of loans in accordance with the LAG, and (b) the purchase of receivables (factoring) permitted by the licence to operate the electronic money business and all resulting purchases of receivables (factoring) and all related purchases in the related services, in particular payment method management, insofar as these are not subject to authorisation, (c) furthermore the management of own assets.