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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.

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'