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Payment system

nouncandidate·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.