Payment system

From Wikipedia, the free encyclopedia

A payment system are the procedures and associated computer networks used to settle financial transactions in bond markets, currency markets, and futures, derivatives and options markets, and to transfer funds between financial institutions. Due to the backing of modern fiat currencies with government bonds, payment systems are a core part of modern currency systems.

[edit] See also

• E-commerce payment systems
• Automated Clearing House
• Clearing House Interbank Payments System (CHIPS)
• Direct Deposit
• Interbank Network (ATM / EFT / POS)
• NACHA-The Electronic Payments Association

[edit] External links

• Central bank payment system information
• Publications on Payment System