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Payment system

💡 Words with a Similar Meaning to "Payment system"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
payment railA payment rail is a payment platform or a payment network that moves money from a payer to a payee.
monetary systemA monetary system is a system by which a government provides money in a country's economy.
payment cardnoun(banking) A card, such as a credit card or debit card, which can be used for payment of goods or services.
wire transfernoun(banking) A transfer of funds between banks by electronic means.
moneynounA generally accepted means of exchange.
transactionnounAn exchange or trade, as of ideas, money, goods, etc.
paymentnoun(countable) An instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it.
medium of exchangenounAn intermediary used in trade to avoid the inconveniences of a pure barter system, such as money.
hard currencynoun(economics, finance) Any globally traded currency that serves as a reliable and stable store of value.
encashmentnoun(finance) The act of encashing; the exchange for money of a check, draft, etc.
exchange ratenoun(economics, finance) The rate at which one currency may be exchanged for another currency.
money ordernoun(banking, finance) A directive to pay a prespecified amount of money from prepaid funds, making it a more trusted method of payment than a check.
currencynounMoney or other items used to facilitate transactions.
cashnoun(uncountable) Money in the form of notes or bills and coins, as opposed to checks, credit or electronic transactions.
financingnoun(finance, business) A transaction that provides funds for a business.
bankcardnounA card that a bank issues used by the cardholder in the course of authorization to receive bank services.
money changingnounThe act of exchanging currency of one type for another for a fee or percentage.
foreign exchangenounThe exchange of currency from one country for currency from another country.
e-bankingnoun(banking) Banking carried out electronically, as for example over the Internet.
telegraphic transferTelegraphic Transfer or telex transfer, often abbreviated to TT, is a term used to refer to an electronic funds transfer.

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