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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. 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 ...

  4. 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 ...

  5. 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 ...

  6. Zelle - Wikipedia

    en.wikipedia.org/wiki/Zelle

    zellepay.com. Zelle (/ zɛl /) 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. [1][2][3][4] The Zelle service enables individuals to electronically transfer money from their bank account ...

  7. List of online payment service providers - Wikipedia

    en.wikipedia.org/wiki/List_of_online_payment...

    The following is a list of notable online payment service providers and payment gateway providing ... Heartland Payment Systems: Online, [2] POS, mobile: United ...

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