Debit transfer system: Difference between revisions
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imported>Doug Williamson m (Spacing and numbering) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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Also known as Debit collection system. | Also known as Debit collection system. | ||
== See also == | == See also == | ||
* [[Credit transfer]] | * [[Credit transfer]] | ||
* [[Credit transfer system]] | * [[Credit transfer system]] | ||
* [[Payments and payment systems]] | |||
Revision as of 17:12, 29 November 2014
Funds transfer.
A funds transfer system in which debit collection orders made or authorised by the payor move from the bank of the payee to the bank of the payor and result in a charge (debit) to the account of the payor; for example cheque-based systems are typical debit transfer systems.
Also known as Debit collection system.
