Payment system
nounverified·updated May 9, 2026
The mechanism, the rules, institutions, people, markets, and agreements that make the exchange of payments possible.
MWEFederal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary
Classifications
Entity Type
System80%llm-generatedllm:claude-haiku-4-5
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Sensitivity
Regulated90%llm-generatedllm:claude-haiku-4-5
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Information Class
Pci85%llm-generatedllm:claude-haiku-4-5
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Variants
- plural
- Payment systems
- possessive
- Payment system's
- pluralpossessive
- Payment systems'