Debit transfer system: Difference between revisions

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imported>Doug Williamson
(Linked to The Treasurers Handbook - Payments and payment systems)
imported>Doug Williamson
(Classify page.)
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* [[Credit transfer system]]
* [[Credit transfer system]]
* [[Payments and payment systems]]
* [[Payments and payment systems]]
[[Category:Cash_management]]
[[Category:Liquidity_management]]

Revision as of 17:46, 29 June 2022

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.


See also