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International Clearing and Settlement - Noyes 2013
 
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How do banks process international payments?
Views: 60036 Tom Noyes
Payments systems - Multilateral Clearing
 
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My affiliate link to the book Payments systems in the U.S. https://www.amazon.fr/Payments-Systems-U-S-Guide-Professional/dp/0982789742/ref=as_li_ss_tl?s=english-books&ie=UTF8&qid=1530107207&sr=1-1&keywords=Payments+systems+in+the+U.S.&linkCode=ll1&tag=livressurlespaiements-21&linkId=7e91324cdc89155934ba40ca7b221284 My affiliate link to the book Payments systems https://www.amazon.fr/Payment-Systems-Salt-Mines-Board/dp/0230202500/ref=as_li_ss_tl?s=amazon-devices&ie=UTF8&qid=1530107130&sr=8-4&keywords=payments+systems&linkCode=ll1&tag=livressurlespaiements-21&linkId=1f3932d28964bda43e23fefc6b2152a7 My affiliate link to the book les systèmes de paiement https://www.amazon.fr/syst%C3%A8mes-paiement-Dominique-Rambure/dp/2717849629/ref=as_li_ss_tl?s=aps&ie=UTF8&qid=1530107269&sr=1-1-catcorr&keywords=les+syst%C3%A8mes+de+paiement&linkCode=ll1&tag=livressurlespaiements-21&linkId=d4943875b6977db004ba1e4edbd88b52 Like the video if you learn something
Views: 293 PaiementorTV
Payments systems - Bilateral Clearing
 
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Bilateral clearing is explained in this video. A simple example is given to illustrate what it is. My affiliate link to the book Payments systems in the U.S. https://www.amazon.fr/Payments-Systems-U-S-Guide-Professional/dp/0982789742/ref=as_li_ss_tl?s=english-books&ie=UTF8&qid=1530107207&sr=1-1&keywords=Payments+systems+in+the+U.S.&linkCode=ll1&tag=livressurlespaiements-21&linkId=7e91324cdc89155934ba40ca7b221284 My affiliate link to the book Payments systems https://www.amazon.fr/Payment-Systems-Salt-Mines-Board/dp/0230202500/ref=as_li_ss_tl?s=amazon-devices&ie=UTF8&qid=1530107130&sr=8-4&keywords=payments+systems&linkCode=ll1&tag=livressurlespaiements-21&linkId=1f3932d28964bda43e23fefc6b2152a7 My affiliate link to the book les systèmes de paiement https://www.amazon.fr/syst%C3%A8mes-paiement-Dominique-Rambure/dp/2717849629/ref=as_li_ss_tl?s=aps&ie=UTF8&qid=1530107269&sr=1-1-catcorr&keywords=les+syst%C3%A8mes+de+paiement&linkCode=ll1&tag=livressurlespaiements-21&linkId=d4943875b6977db004ba1e4edbd88b52
Views: 253 PaiementorTV
CHIPS - Clearing House Interbank Payment System
 
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Singapore Polytechnic - Diploma in Financial Informatics for DPSF Presentation Made by Team Synergy (2011)
Views: 18032 Shiau Yi Lin
TARGET2 European Payment System: an intro
 
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TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem Source : Banque de France
Views: 27956 banquedefrance
Clearing House Interbank Payments System
 
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The Clearing House Interbank Payments System is a United States private clearing house for large-value transactions. By 2010 it settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the Fedwire Funds Service, CHIPS forms the primary U.S. network for large-value domestic and international USD payments. CHIPS transfers are governed by Article 4A of Uniform Commercial Code. Unlike the Fedwire system which is part of a regulatory body, CHIPS is owned by the financial institutions that use it. Banks typically prefer to make payments of higher value as long as they are less time-sensitive in nature by CHIPS instead of Fedwire, as CHIPS is less expensive. One of the reasons is that Fedwire is a real-time gross settlement system, while CHIPS allows payments to be netted. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 4570 Audiopedia
Methods of Payment in International Trade for Export & Import (2018)
 
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4 Methods of Payment used in International Trade are Open Account, Advance Payment, Documentary Collection & Documentary Credit Equipment Used : Laptop : https://amzn.to/2vfT0Yy Microphone Stand : https://amzn.to/2H0bzli Microphone : https://amzn.to/2IT3ob0 Audio Interface : https://amzn.to/2GTAcjn Earphones : https://amzn.to/2JGbipd Camera Stand : https://amzn.to/2JEHOIt Camera : https://amzn.to/2GVE4Ak Screen Prompt : https://amzn.to/2GVfhAF For Importers that want to know How to Import and for Exporters that want to know How to Export, it is important to understand what are the methods of payment in International Trade. Also, this video walks you through the movement of 3 items between the Exporter and Importer in International Trade. From the Exporter to Importer, there are movement of goods and shipping documents. From the Importer to Exporter, there are movement of money. From these 3 movements of goods, shipping documents and money, there are 4 methods of payment which are o Open account o Advance payment o Documentary Collection o Documentary Credit The video talks about when the goods are available to the Importer, the timing of the payment & the risks to the Importer under the different method of payment. If the Exporter & Importer are new to each other and there is no trust between both parties, they need the bank to come into the picture and for this the bank had invented o Documentary Collection Method - Sight(D/P- Documents Against Payment) & Usance (D/A-Documents Against Acceptance) o Documentary Credit Method This video is designed to provide those operating within International Trade : Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of methods of payment in International Trade. -- ► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources ► Follow My Website: https://tradelinks.com.my/ -- This video was produced by 1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer 2. Ms Sook Ling, Online Content Creator Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia 1. Incoterms 2010 2. Letters of Credit 3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks
Views: 66242 Tradelinks Resources
How Credit Card Processing Works - Transaction Cycle & 2 Pricing Models
 
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How Credit Card Processing Works : http://www.bancardsales.com How Does Credit Card Processing Work ►►If you're looking for a way to collect payments online, this is the Best Payment page builder that I have found: http://bit.ly/2S10S7J This video explains how credit card payments are passed from the cardholder to the merchant bank account. Included in the video is the transaction cycle, and a detailed explanation of the two main pricing models. If you've ever wondered: How Does Credit Card Processing Work? How To Process Credit Cards? How Credit Card Processing Works? How To Accept Credit Card Payments At Your Business or Understanding the transaction flow, then you'll want to watch this video. It's part of a credit card processing basics video series so be sure to check back for more updates and additional videos in the series. Additionally, you can check out http://www.bancardsales.com for more tips and tutorials on how merchant account processing works. https://www.youtube.com/watch?v=avRkRuQsZ6M
Views: 455848 BancardSales
What is TARGET Instant Payment Settlement (TIPS)?
 
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Find out more about TIPS, the new service coming at the end of 2018 that will make life easier for businesses and individuals.
Views: 6866 European Central Bank
SWIFT - Real-Time Payment Solutions
 
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SWIFT has taken a modular, component-based approach to its real-time payments capabilities allowing functions to be combined and/or re-used. Components and features of SWIFT’s solutions include a low latency domestic messaging channel (DMC), a resilient and secure approach leveraging PKI encryption, a payment gateway (PAG) that manages pre-clearing/pre-settlement messaging between parties (banks and the domestic settlement providers) and provides an API for integration with overlay services, and an addressing database to link and maintain short-name aliases (e.g. phone numbers) with necessary bank account information. Effectiveness Criteria addressed: • U.1 Accessibility • U.2 Usability • U.3 Predictability • U.4 Contextual data capability • U.6 Applicability to multiple use cases • E.2 Capability to enable value added services • E.3 Implementation timeline • E.4 Payment format standards • E.5 Comprehensiveness • E.6 Scalability and adaptability • F.1 Fast approval • F.2 Fast clearing • F.3 Fast availability of funds to payee • F.4 Fast settlement among depository institutions and non-bank account providers • F.5 Prompt visibility of payment status • S.2 Payer authorization • S.3 Payment finality • S.7 Security controls • S.8 Resiliency • S.9 End-user data protection • S.11 Participation Requirements • L.2 Payment system rules
What is Clearing and Settlement in Electronic Banking?
 
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What is Clearing and Settlement in Electronic Banking? Learn more from the Payments Professor in this basics of electronic banking video. https://paymentsprofessor.com/
Views: 133 Payments Professor
The Fed Explains the Payments System
 
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The latest in the Atlanta Fed's animated video series explores the U.S. payments system, which every day handles millions of transactions between buyers and sellers. Learn about the Fed's role in keeping the nation's payments system secure and efficient.
Views: 14437 AtlantaFed
The Large Value Transfer System (LVTS) and Wire Payments
 
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Wire payments and the Large Value Transfer System are in a class of their own. What do we mean by final, irrevocable, near-real time payments? And how can a payment system like the LVTS be used by the Bank of Canada to control inflation and influence interest rates? The Legal Stuff: We’ve designed this video for everyone. It’s to help you get you better acquainted with the awesomeness of payments clearing and settlement. In real life, clearing and settlement processes can get pretty complicated. To help give you the basics, we’ve simplified content – so some stuff may not be technically accurate or complete. Also, this video is just for education and isn’t advice. If you work in an FI and you need the straight goods on operational, technical or legal matters, check out our rules and standards, talk to your tech experts, or pay a visit to your legal folks. We probably don’t have to tell you this, but the views expressed are the CPA’s only (not necessarily those of the CPA’s members or anyone else). Sometimes we talk about other organizations in our videos. If you’ve got questions for these guys, you should reach out to them directly. If you need more info on the CPA, just visit our website (cdnpay.ca) or give us a shout. We’d be psyched if you share our videos with your friends. We ask only that our copyright is respected... So don’t reproduce, copy, modify or adapt all or part of this video without getting the CPA’s permission in writing first. Commercial use and distribution of the contents of this video is definitely not cool, and therefore strictly prohibited. But you guys know that already, right?
Views: 3784 Payments Canada
New to Payments? Payments 101: The Systems, The Rules & Inner Workings of Canada’s Payments System
 
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Speakers: Janet Lalonde, Bill Cyr, Sara Supple; Payments Canada If you’re new to payments or if you want a refresher, this session offers a look into payments clearing and settlement in Canada and some timely translation of the many acronyms you will hear throughout Payments Panorama: AFTs, LVTS, ACSS, POS, CCIN, PADs and more. You’ll be well versed in the language of payments after this session.
Views: 530 Payments Canada
Who is the Clearing House Interbank Payments System (CHIPS)?
 
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Who is the Clearing House Interbank Payments System (CHIPS)? Learn more from the Payments Professor on this "Who Is" in the Electronic Banking world Wednesday.
Views: 59 Payments Professor
National Retail Payment System
 
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The NRPS Framework defines high-level policies, standards and governance principles covering retail payment operations and infrastructures. It aims to fast-track the establishment of an effective electronic retail payment system, promote a “cash-lite” economy and ultimately improve the country’s economic competitiveness. Digitizing retail payments is critical in the Philippines considering that 99% of payment transactions per month are done in cash, with businesses and individuals making only 1% and 0.3% electronic payments, respectively, according to a study done by the Better Than Cash Alliance. E-commerce in the Philippines also makes up less than 1% of total commerce, a very low level compared to other ASEAN countries like Thailand, Vietnam and Indonesia which generate 4-5% e-commerce transactions. The NRPS is positioned to facilitate the country’s transition from a cash-heavy to a cash-lite economy, eventually bringing material benefits for the government, the business and private sectors, even regular consumers and individuals – in terms of speed and efficiency of transactions, reduced costs, improved transparency, enhanced security, and expanded access to financial services.
Views: 2950 Bangko Sentral
Automate Check Clearing – Top Image Systems
 
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Despite the move toward a cashless society, checks remain a prominent instrument of payment in many countries. Whether your bank is large or small, the eFLOW Check Processing Solution (CPS) provides a cost-efficient, automated method for clearing checks that streamlines the process and boosts efficiency…making funds available faster. Whether or not your country is CTS compliant, eFLOW CPS allows you to seamlessly transition from paper to a secure, image-based check processing system. Utilizing a wide range of state-of-the-art technologies, eFLOW CPS offers clearing parties significant check processing efficiency improvement and cost reduction. Want more information? Contact us today! http://bit.ly/1OAcAT6
Views: 14779 Top Image Systems
RTGS – The standard in interbank payment traffic
 
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Switzerland has two so-called RTGS systems: SIC for franc payments and euroSIC for payments in euro. The closed systems comprised of hardware and software guarantee the greatest security, reliability and efficiency – for large value payments and retail payments alike. You can learn more about the Swiss financial center’s pioneering infrastructures with just a click. Welcome to SIX Interbank Clearing.
Views: 1150 SIX
What is Clearing Process | Bank Reconciliation Statement(BRS)| CA CPT | CS & CMA Foundation| Class11
 
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What is Clearing Process, Learn for free Bank Trancation Flow, Why do we prepare BRS and How to Prepare BRS.For Details Visit http://www.meraskill.com/ca-cpt/accounts/bank-reconciliation-statement WhatsApp 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 34608 Mera Skill
Fed Functions: Fostering Payment and Settlement System Safety and Efficiency
 
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One of the five key functions of the Federal Reserve is fostering the safety and efficiency of our nation’s payment and settlement systems. Payment systems facilitate financial transactions and purchases of goods and services by individuals and institutions, consumers and businesses, and investors and securities issuers. The Fed plays an important role in maintaining the integrity of U.S. payment systems and keeping cash, check, and electronic transactions moving reliably and securely throughout our economy. For more information, please visit https://www.federalreserve.gov/aboutthefed/pf.htm
Views: 1453 Federal Reserve
What Does a Payment Gateway Do? | Shift4
 
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Credit card processing and security can be overwhelming. A secure gateway, like Shift4, can help simplify the process and protect customers' credit card data from breaches.
Views: 189144 Shift4 Payments
What is REAL-TIME GROSS SETTLEMENT? What does REAL-TIME GROSS SETTLEMENT mean?
 
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What is REAL-TIME GROSS SETTLEMENT? What does REAL-TIME GROSS SETTLEMENT mean? REAL-TIME GROSS SETTLEMENT meaning - REAL-TIME GROSS SETTLEMENT definition - REAL-TIME GROSS SETTLEMENT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Real-time gross settlement are specialist funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real time" and on a "gross" basis. Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed. "Gross settlement" means the transaction is settled on one-to-one basis without bundling or netting with any other transaction. "Settlement" means that once processed, payments are final and irrevocable. RTGS systems are typically used for high-value transactions that require and receive immediate clearing. In some countries the RTGS systems may be the only way to get same day cleared funds and so may be used when payments need to be settled urgently. However, most regular payments would not use a RTGS system, but instead would use a national payment system or network that allows participants to batch and net payments. RTGS systems are usually operated by a country's central bank as it is seen as a critical infrastructure for a country's economy. Economists believe that an efficient national payment system reduces the cost of exchanging goods and services, and is indispensable to the functioning of the interbank, money, and capital markets. A weak payment system may severely drag on the stability and developmental capacity of a national economy; its failures can result in inefficient use of financial resources, inequitable risk-sharing among agents, actual losses for participants, and loss of confidence in the financial system and in the very use of money. maintained or controlled by the central bank of a country. There is no physical exchange of money; the central bank makes adjustments in the electronic accounts of Bank A and Bank B, reducing the balance in Bank A's account by the amount in question and increasing the balance of Bank B's account by the same amount. The RTGS system is suited for low-volume, high-value transactions. It lowers settlement risk, besides giving an accurate picture of an institution's account at any point of time. The objective of RTGS systems by central banks throughout the world is to minimize risk in high-value electronic payment settlement systems. In an RTGS system, transactions are settled across accounts held at a central bank on a continuous gross basis. Settlement is immediate, final and irrevocable. Credit risks due to settlement lags are eliminated. The best RTGS national payment system cover up to 95% of high-value transactions within the national monetary market. RTGS systems are an alternative to systems of settling transactions at the end of the day, also known as the net settlement system, such as the BACS system in the United Kingdom. In a net settlement system, all the inter-institution transactions during the day are accumulated, and at the end of the day, the central bank adjusts the accounts of the institutions by the net amounts of these transactions. The World Bank has been paying increasing attention to payment system development as a key component of the financial infrastructure of a country, and has provided various forms of assistance to over 100 countries. Most of the RTGS systems in place are secure and have been designed around international standards and best practices. There are several reasons for central banks to adopt RTGS. First, a decision to adopt is influenced by competitive pressure from the global financial markets. Second, it is more beneficial to adopt an RTGS system for central bank when this allows access to a broad system of other countries' RTGS systems. Third, it is very likely that the knowledge acquired through experiences with RTGS systems spills over to other central banks and helps them make their adoption decision. Fourth, central banks do not necessarily have to install and develop RTGS themselves. The possibility of sharing development with providers that have built RTGS systems in more than one country (CGI of UK, CMA Small System of Sweden, JV Perago of South Africa and SIA SpA of Italy, Montran of USA) has presumably lowered the cost and hence made it feasible for many countries to adopt. As at 1985, three central banks had implemented RTGS systems, while by the end of 2005, RTGS systems had been implemented by 90 central banks.
Views: 6262 The Audiopedia
Chapter#05: Merchant Settlement (POS):Card & Payment: Credit Card Domain: By Ramesh Chugh
 
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Chapter-5 Part-1: Merchant Settlement (POS):Card & Payment: Credit Debit Card Domain: By Ramesh Chugh
Chapter#08:Dual Message System:Card Payment Processing:Issuing Acquiring: Schemes:VISA MasterCard
 
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Chapter 6 Part 1 - Dual Message System:Card Processing:Issuing Acquiring:Payment Schemes:VISA MasterCard AMEX JCB CUP:Card Payment Domain:Credit Debit Card: By Ramesh Chugh Card and Payment Expert... Tutorials on Credit Card, Prepaid and Debit Card Domain Issuing and Acquiring System Dual Message System, Card Processing, Issuing, Acquiring, Merchant Settlement, Merchant Management System, Enterprise Service Bus, Card Payment, Credit Debit Card Domain, Authorization Flow, PIN Translation, ON US and Off Us, BIN, ISO Fields, Payment Schemes, VISA, MasterCard, AMEX, JCB, CUP, Diner
Token - A Modern Instant, Secure Payment System
 
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Token is building an elegant architecture to solve the faster payments problem worldwide. We took a clean sheet approach to designing a modern payment system that would meet the needs of regulators and banks worldwide, not just in the US. We spent nearly 2 years designing a new secure system architecture. Token is a brand new real-time payment rail, built on "bare metal" (central bank transfer) and not an overlay system built on existing transports such as ACH. We use a new paradigm, the "smart token" to encapsulate value and emulate payment paradigms. These smart tokens can be thought of like a digital version of a personal check if issued at the request of a person or like a banknote if issued by the bank. All tokens are issued and redeemed at banks. Banks involved in all transactions. Transactions happen directly between the banks and the bank's customers. Transactions post and clear instantly. There are no usernames or passwords or one-time codes. We eliminated all the shared secrets so there could not be a mass breach. Token supplies software to banks. The server piece runs inside the bank's data center. The client piece runs inside the bank's mobile app. There are SDK's for merchants and software developers. We are very excited about the architecture of our final design. It is a big step forward from today's payment rails. We are moving forward today with proof of concept demos with large banks in the US and EU. The 7 minute video we put together describes some of the highlights of our design and the design choices we made. We welcome your comments on our approach. You can contact us at [email protected] Effectiveness Criteria addressed: • U.1 Accessibility • U.2 Usability • U.3 Predictability • U.4 Contextual data capability • U.5 Cross-border functionality • U.6 Applicability to multiple use cases • E.1 Enables competition • E.2 Capability to enable value added services • E.3 Implementation timeline • E.4 Payment format standards • E.5 Comprehensiveness • E.6 Scalability and adaptability • E.7 Exceptions and investigations process • F.1 Fast approval • F.2 Fast clearing • F.3 Fast availability of funds to payee • F.5 Prompt visibility of payment status • S.2 Payer authorization • S.3 Payment finality • S.4 Settlement approach • S.7 Security controls • S.8 Resiliency • S.9 End-user data protection • S.10 End-user/provider authentication • L.4 Data privacy • L.5 Intellectual property
STRUCTURED regular payment SETTLEMENT
 
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STRUCTURED Regular Payment SETTLEMENT Afbeeldingen Van Regular Payment Settlement Regular-Way Trade (Rw) Definition | Investopedia Regular Settlement Of Payments Due - Internet Merchant Accounts Regular Way Settlement - Financial Dictionary - The Free Dictionary Regular Settlement Financial Definition Of Regular Settlement Glossary Of Terms Related To Payment, Clearing And Settlement Systems URL Link: https://youtu.be/zIsi4F57sWc Structured Regular Payment Settlement - Youtube Real-Time Gross Settlement - Wikipedia, The Free Encyclopedia A Glossary Of Terms Used In Payments And Settlement Systems Regular Payments , Cash And Settlement Services, Main - Platinum ... Payment Settlement Process Payment Settlement Definition User Guide - Payway Structured Regular Payment Settlement | Free Web Hosting ... Ib-4, Pay For Time Lost From Regular Work - Railroad Retirement Board
Views: 47 Truth Facts
TARGET2: The Eurosystem's real-time gross settlement system (subtitled)
 
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Subtitled version of the video "TARGET2: The Eurosystem's real-time gross settlement system" TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system. TARGET2 is the second generation of TARGET. Payment transactions in TARGET2 are settled one by one on a continuous basis, in central bank money with immediate finality. There is no upper or lower limit on the value of payments. TARGET2 settles payments related to monetary policy operations, interbank and customer payments, and payments relating to the operations of all large-value net settlement systems and other financial market infrastructures handling the euro (such as securities settlement systems or central counterparties). TARGET2 is operated on a single technical platform. Business relationships are established between the TARGET2 users and the respective central bank. In terms of the value processed, TARGET2 is one of the largest payment systems in the world. TARGET2 facts in 2012: - TARGET2 had 999 direct participants, 3,386 indirect participants and 13,313 correspondents - TARGET2 settled the cash positions of 82 ancillary systems - TARGET2 processed a daily average of 354,185 payments, representing a daily average value of €2,477 billion - the average value of a TARGET2 transaction was €7,1 million two-thirds of all TARGET2 payments (i.e. 68%) had a value of less than €50,000 each; 11% of all payments had value of over 1 EUR million each - the peak in volume turnover was 29 June 2012 with 536,524 transactions and peak value turnover was on 1 March 2012 with €3,718 billion - TARGET2's share in total large-value payment system traffic in euro was 92% in value terms and 58% in volume terms - the SSP technical availability was 100% - 99.98% of TARGET2 payments were processed in less than five minutes For more information please visit: http://www.target2.eu
Views: 11581 European Central Bank
Review of Part One - 112.  Payments, CHIPS and Fedwire
 
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Economics of Money and Banking
Views: 2662 koniec19
Reserve Bank of Australia - Payments Settlements
 
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The Reserve Bank manages the settlement of interbank payments in Australia through the operation of RITS (the Reserve Bank Information & Transfer System) and the conduct of Exchange Settlement Accounts. RITS settles around $170 billion high value payments each day. The Bank also settles its own transactions, and those of around 50 overseas central banks and official institutions.
Views: 7636 RBAinfo
National Automated Clearing House (NACH)
 
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Pharma Companies (Manufacturers) manufacture and sell pharmaceutical goods to a network of distributors who collect the requirements from the Pharma company, distribute them further to the Retailer (Chemist/ Pharmacy). The Distributors, post collection of the goods, pay the Pharma companies through RTGS, NEFT or through Cheque payments for the goods respectively. The Pharma companies face hindrances such as hiring teams to follow up with the distributors to ensure collections which requires man power and man hours. Also, payments done through cheque could have issues of cheque bouncing and long clearance time. Introducing National Automated Clearing House (NACH) that facilitates interbank, high volume, electronic transactions which are repetitive and periodic in nature. Benefits: Robust system with high volume processing capability, cost effective, better liquidity management, one stop shop for push (credit) and pull (debit) transactions, corporate portability, Automated work flow, Response for all transactions for better reconciliation
Views: 12984 NPCI
Key Elements of Payments
 
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Overview of key elements viz. message, clearing and settlement and also Netted Systems, RTGS, Hybrid Systems and RTFS. Also has information about payment certification courses offered by MVLCO.
Views: 6741 Mvlco Pune
Digital Payment System | How it Works
 
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IAS 9 Subject Video Lectures with Test series in just 5999/- please visit here https://bit.ly/2rEy8Fx This is a social gesture from UPSC IAS EXAM to spread words regarding digital payment. PM of India has urged all youths to teach at least 10 families regarding digital payment system. With the help of this lecture we are trying to take that cause further and are trying to educate as many people as possible. Please do not forget to share this video. For civil services aspirants, there are many topics that are covered in it which identify the loopholes that are there in the digital payment sector. This can be helpful in writing essay and mains exam answers. -~-~~-~~~-~~-~- Please watch: "SHUJAAT BUKHARI KASHMIR | SUGARCANE FARMERS | GST CESS | The Hindu Editorial Analysis in Hindi" https://www.youtube.com/watch?v=HYpMmFHdkSY -~-~~-~~~-~~-~-
Views: 10127 UPSC IAS Exam
Chapter 5: The Payments System
 
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This video is the fifth chapter of a video series about the Federal Reserve provided by the Philadelphia Fed. In this chapter, discover the Federal Reserve's important role in the nation's payments system. Over the past 20 years, the nation's payments system has evolved from a system that relied heavily on paper cheques to today's system, which makes extensive use of electronic payment mechanisms such as the automated clearing house (ACH). Find out more about the Federal Reserve's role in the provision of cash services and the important role that the Federal Reserve's Fedwire service plays as the backbone of the nation's financial system. Segments: Introduction: 0:00 Changes in the Payments System: 4:30 Forms of Payment - Electronic: 5:37 Forms of Payment - Cash: 7:04 This video has been uploaded for informational and educational purposes only, so please do not abuse.
Views: 3085 HistoryNut 617
Real Time Payments: The Early Adopters' View
 
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In an interview at AFP 2018, Chris Brazel, CTP, Corporate Vice President, Treasury and FP&A for New York Life Insurance Company, discusses being one of the first adopters of The Clearing House's Real Time Payments (RTP) system - the first truly real-time payments and settlement system in the United States. New York Life primarily uses RTP for intercompany transactions. Register for AFP 2019 here: https://conference.afponline.org/
Views: 164 afponline
Bank Cheque Clearing process - for Deposit & Withdrawal & Fund Transfer - Banking tips - in Hindi
 
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What is Cheque Clearing - If you get a payment from cheque and you do not have a bank account in the bank of cheque's bank - then what will you do - चैक क्लीयरिंग क्या होता है - अगर आपको चैक से पेमेंट मिलता है और चैक जिस बैंक का है उस बैंक में आपका अकाउंट नहीं है तो आपको क्या करना पड़ेगा _________________________________ Please Watch These Too: Bank Deposit & Tax Saving - FD, RD, PPF - Banking tips - in Hindi https://www.youtube.com/watch?v=ZAUVRMVHWys&list=PLYrRBRViEZReP0UVF-KsL5ReHkQvwwfs5 Tips for NRI (Non Resident Indians) - NRE & NRO bank account - Banking tips - in Hindi https://www.youtube.com/watch?v=sprqmPFSz-4&list=PLYrRBRViEZRc2aZcW10IJVwGZ0fr9XJAa First time Flight Journey tips - Ticket booking, Luggage, Check in, Cabin baggage, Boarding pass, Security check, Boarding, Baggage reclaim - in Hindi https://www.youtube.com/watch?v=1pt1YeSWRjU&list=PLYrRBRViEZRcmN2Iuc4wn8EpGRIhJyCpW How to fill Bank Forms & Slips - Deposit & Withdrawal slip, Cheque, Record slip, Account opening - Banking tips - in HINDI https://www.youtube.com/watch?v=aP8_6FFUhAQ&list=PLYrRBRViEZRcSjVYUutmUApj6A_L65m8H Resume or CV and Job tips for Freshers & Experienced - writing, format, content, design - in HINDI https://www.youtube.com/watch?v=pMxEwTSddfA&list=PLYrRBRViEZRepuDDMYwodR-ZTjHs4j8RD IRCTC - Indian Railway Website - New Account Registration, Train Ticket Booking Online, Senior Citizen Discount, Free Food - Journey tips in Hindi https://www.youtube.com/watch?v=DKsI44cI2jw&list=PLYrRBRViEZRdyR3ilvR-BvsGYEkrAwDkc Sweet Dish & Festival Recipes - Great Indian Khana - in Hindi https://www.youtube.com/watch?v=NoG4lODgWDE&list=PLYrRBRViEZRcmUaqY1u6oAFI0EX4ZjsTf Breakfast & Evening Snacks Recipes - Great Indian Khana - in Hindi https://www.youtube.com/watch?v=LHA8gFugTAk&list=PLYrRBRViEZRfXQUg2KtqneXQut8jP3cZ1 Lunch & Dinner Recipes - Great Indian Khana - in Hindi https://www.youtube.com/watch?v=3-qQ9Y7-q0E&list=PLYrRBRViEZRcrJNFlBAMV45RAM0srHrsZ Bank & Banking tips - Dormant Account, Nominee & Nomination, KYC process & documents, Receipt or Counter file, Passbook, IFSC code, NEFT, RTGS, FD https://www.youtube.com/watch?v=AQ7YGA9HZi8&list=PLYrRBRViEZRcHGblxscxdTFRKDE5twJLP Must Watch Latest NEWS - Very Important - in Hindi https://www.youtube.com/watch?v=_LMDkGS0H_I&list=PLYrRBRViEZReq8m2oIJBXMksAN4xSa-6i Tips that make your Life - Easy Quick Interesting Comfortable Satisfying Inspirational Motivational - in Hindi https://www.youtube.com/watch?v=qbp-k3g3tdc&list=PLYrRBRViEZRdUHCHCNeZjx0EsAReOHmlW Flight Take off & Fly in sky & Landing - amazing view of City Sea Clouds Buildings Skyscrapers Slums - from Plane / Aeroplane / Airplane window seat https://www.youtube.com/watch?v=je52YcgqHkA&list=PLYrRBRViEZReZHsNtkCFY9yHiapd2BBsZ Channel Trailer - Great Indian Khazana - Old name - Great Indian Keeda https://www.youtube.com/watch?v=vJzf45xTy-k&list=PLYrRBRViEZRe9aKLEtPoMMgYMLPnG9T1k
Views: 62855 Great Indian Khazana
What is Clearing House Inter bank Payment System (CHIPS) ? Urdu / Hindi
 
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This Video Give The Basic Concept & Basic Logic's of What is Clearing House Inter bank Payment System (CHIPS) ? Urdu / Hindi My Recommenmd Amazing Gears & Products: 1. Books: https://amzn.to/2Xgbx4L 2. Digital Music: https://amzn.to/2XCmUU2 3. Electronics: https://amzn.to/2XgniIy 4. Computers, Tablets and IT Accessories: https://amzn.to/2XcawL0 My Youtube devices & equipements 1. Boya Microphones: https://amzn.to/2RJ54Jz 2. Dell XPS 15 Laptop: https://amzn.to/2JjoWPU 3. Nikon DSLR Camera: https://amzn.to/2XgrtUx 4. Samsung Galaxy S10: https://amzn.to/2Nlo4iY Follow Me ON: Facebook: https://www.facebook.com/ZPZ-Education-2089120401335326 Dailymotion: https://www.dailymotion.com/za991425 Youtube: https://www.youtube.com/channel/UCwFzeQDf9cGm_ZeTXV_t5SA
Views: 4261 ZPZ Education
Eletronic Payment Management System (EPMS)
 
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EPMS is a full-fledge solution for transactions management and processing, when it comes to both issuing and acquiring, by fully managing multiple channels, from connecting terminals to authorising, switching, clearing and settlement transactions. With flexible configuration of products and web-based user interfaces, EPMS ensures connection to international payment systems, making a host of supporting reports available to the business.
Views: 204 SIBS Official
Indian settlement systems
 
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Payments are an indispensable part of our daily transactions, be it a consumer to a business, a business to a consumer or a business to a business. Payments raise the GDP of a country thus it is mandatory that the payment systems of the country are “safe, secure, sound, efficient, accessible and authorize,” as states the mission statement of the Reserve Bank of India’s publication on Payment Systems in India (2009–12). The Reserve Bank of India continually strives towards ensuring the smooth progress of the payments system. In India it is the BPSS (Board for Regulation of Payment and Settlement Systems) which is in charge of regulating these systems. India has multiple payments and settlement systems. RBI Still continues to evolve new payment methods and slowly revamping the payments and settlement capability in India. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 3159 Audiopedia
Canadian Cheque Clearing And Settlement VS. Online Bill Payments
 
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Finally, businesses can pay there bills online also, just like you've been doing for your household bill for over a decade. See how the two systems of payment clearing work.
Views: 409 billee.ca
Clearing and Settlement in SCT Instant - Part 1
 
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This is the first video about Clearing and settlement for SEPA Instant Credit Transfer. Link to the SCT book where following topics are handled in depth: Clearing, Settlement, Processing value Chain, Accounting and booking, ... A book to really master Payments and SEPA. https://www.smashwords.com/books/view/909284 https://www.amazon.co.uk/dp/B07JVF7KY9 https://www.amazon.fr/dp/B07JVF7KY9 My affiliate link to the book Payments systems in the U.S. https://www.amazon.fr/Payments-Systems-U-S-Guide-Professional/dp/0982789742/ref=as_li_ss_tl?s=english-books&ie=UTF8&qid=1530107207&sr=1-1&keywords=Payments+systems+in+the+U.S.&linkCode=ll1&tag=livressurlespaiements-21&linkId=7e91324cdc89155934ba40ca7b221284 My affiliate link to the book Payments systems https://www.amazon.fr/Payment-Systems-Salt-Mines-Board/dp/0230202500/ref=as_li_ss_tl?s=amazon-devices&ie=UTF8&qid=1530107130&sr=8-4&keywords=payments+systems&linkCode=ll1&tag=livressurlespaiements-21&linkId=1f3932d28964bda43e23fefc6b2152a7 My affiliate link to the book les systèmes de paiement https://www.amazon.fr/syst%C3%A8mes-paiement-Dominique-Rambure/dp/2717849629/ref=as_li_ss_tl?s=aps&ie=UTF8&qid=1530107269&sr=1-1-catcorr&keywords=les+syst%C3%A8mes+de+paiement&linkCode=ll1&tag=livressurlespaiements-21&linkId=d4943875b6977db004ba1e4edbd88b52
Views: 71 PaiementorTV
How Does Credit Card Processing Work? - Principis Capital
 
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Khan Academy shares this great informative video about who's who in the world of credit card processing and what role the processor plays in your business.
Views: 194839 Principis Capital
Finextra interview EBA Clearing & Solution Consulting: Act now on instant payments
 
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Erwin Kulk, Head of Services Development and Management, EBA Clearing, and Barry Kislingbury, Director, Solution Consulting, Immediate Payments, ACI Worldwide, discuss the importance of ubiquity for instant payments in Europe, the role of service providers in helping achieve reach and sharing their experiences of real-time payments implementations globally, the implications for banks of multiple instant payment systems in Europe and the reasons for banks not to wait to get real-time ready. For all your fintech-related news, please visit https://www.finextra.com.
Views: 35 Finextra Research
National Payments Corporation of India.wmv
 
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Reserve Bank of India, after setting up of the Board for Payment and Settlement Systems in 2005, released a vision document incorporating a proposal to set up an umbrella institution for all the RETAIL PAYMENT SYSTEMS in the country.
Views: 165 ManFromIndia
23 FA1 Chapter 4  Lecture3 | Timing of the clearing system | Types of receipt & payments |
 
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Chapter 4 Lecture on: Timing of the clearing system Dishonored/Bounced cheque Types of receipt & payments
Views: 190 Online Education
Intro To 'Faster Payment Systems' - implications for emerging economy payment systems
 
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Presented by Dr. Brad Pragnell. Beginning with the introduction of UK Faster Payments in 2008, there are now dozens of faster payment systems in operation or being developed. This webinar traces the emergence of these systems, exploring how faster payment systems are both different from and similar to traditional bank-based payment systems. Importantly, the webinar will explore the implications of faster payment systems for emerging economies, issues for industry participants and policymakers and where these systems sit alongside other innovations such as mobile payments and distributed ledger technology.
Views: 442 DFS Observatory
Chapter#09: Single Message Vs Dual Message System:Card Processing:Issuing Acquiring:Payment Domain
 
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Card and Payment Expert... Tutorials on Credit Card, Prepaid and Debit Card Domain Issuing and Acquiring System Chapter 6 Part 2 - Single Message System Vs Dual Message System:Card Processing Part-2:Issuing Acquiring:Payment Schemes:VISA MasterCard AMEX JCB CUP:Card Payment Domain:Credit Debit Card: By Ramesh Chugh Dual Message System, Single Message System, Card Processing, Issuing, Acquiring, Merchant Settlement, Merchant Management System, Enterprise Service Bus, Card Payment, Credit Debit Card Domain, Authorization Flow, PIN Translation, ON US, Off Us, BIN, ISO Fields, Payment Schemes, VISA, MasterCard, AMEX, JCB, CUP, Diners
Using SWIFT MT messages for Payments
 
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Introduction to SWIFT MT for payments
Views: 33692 MVLConsulting