An electronic clearing system in which payment orders are exchanged among financial institutions, primarily using magnetic media or via telecommunication networks, and handled by a data-processing centre.
See also:
An electronic clearing system in which payment orders are exchanged among financial institutions, primarily using magnetic media or via telecommunication networks, and handled by a data-processing centre.
See also:
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012