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Payment system

nounverified·updated May 9, 2026

The mechanism, the rules, institutions, people, markets, and agreements that make the exchange of payments possible.

Framework senses

Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
§1
The mechanism, the rules, institutions, people, markets, and agreements that make the exchange of payments possible.
Legacy lexicon import1 senseview framework →
§1 · legacy_primary
The mechanism, the rules, institutions, people, markets, and agreements that make the exchange of payments possible.
DR-088 backfill from the noun definition column