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Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs ...
Payment. A payment is the tender of something of value, such as money or its equivalent, by one party (such as a person or company) to another in exchange for goods or services provided by them, or to fulfill a legal obligation or philanthropy desire. The party making the payment is commonly called the payer, while the payee is the party ...
Pages in category "Payment terms". The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes .
The term electronic payment refers to a payment made from one bank account to another using electronic methods and forgoing the direct intervention of bank employees. Narrowly defined electronic payment refers to e-commerce —a payment for buying and selling goods or services offered through the Internet, or broadly to any type of electronic ...
Methods of online payment. There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an ...
Payment systems. The main article for this category is Payment systems. Wikimedia Commons has media related to Payment systems. Articles about ways money can be moved between persons, organizations, and locations, as well as how financial transactions can be executed.
Financial transaction involving money and agricultural goods at a farmers' market. A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. [1]
Its primary role is to accept payment cards. 3. Issuer. The Issuer is the bank or other financial institution that issues the payment card given to the Cardholder. There are typically three different types of payment cards: Debit card; Credit card; Prepaid card; The Issuer provides the payment cards on behalf of a card payment network.