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2. Payment system - Wikipedia

   en.wikipedia.org/wiki/Payment_system

   A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [1] [2] A payment system is an operational network which links bank ...

3. Automated clearing house - Wikipedia

   en.wikipedia.org/wiki/Automated_Clearing_House

   Banking. An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [2] [3] The ACH system is designed to process batches of payments containing numerous ...

4. Zelle - Wikipedia

   en.wikipedia.org/wiki/Zelle

   Zelle (/ z ɛ l /) is a United States–based digital payments network run by a private financial services company owned by the banks Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo.

5. SWIFT - Wikipedia

   en.wikipedia.org/wiki/SWIFT

   t. e. The Society for Worldwide Interbank Financial Telecommunication ( Swift ), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium ( French: Société Coopérative ), owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. [2]

6. Clearing House Interbank Payments System - Wikipedia

   en.wikipedia.org/wiki/Clearing_House_Interbank...

   Clearing House Interbank Payments System. The Clearing House Interbank Payments System ( CHIPS) is a United States private clearing house for large-value transactions. As of 2023, it settles approximately 500,000 payments totaling US$1.7 trillion per day. [1] Together with the Federal Reserve Banks ' Fedwire Funds Service, CHIPS forms the ...

7. ACH Network - Wikipedia

   en.wikipedia.org/wiki/ACH_Network

   Portal. v. t. e. In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It processes financial transactions for consumers, businesses, and federal, state, and local governments. ACH processes large volumes of credit and debit transactions in batches.

8. E-commerce payment system - Wikipedia

   en.wikipedia.org/wiki/E-commerce_payment_system

   E-commerce payment system. An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping ...

9. Pix (payment system) - Wikipedia

   en.wikipedia.org/wiki/Pix_(payment_system)

   Pix (payment system) Pix is an instant payment platform created and managed by the monetary authority of Brazil, the Central Bank of Brazil (BCB), [1] which enables the quick execution of payments and transfers. [2] Pix was announced in the summer of 2019, [3] and was fully operational on November 16, 2020. [1]