Clearing and Settlement Mechanisms – Multilateral Clearing
After presenting the bilateral clearing in the previous article, it is now time to move to the next level: the multilateral clearing.
In a multilateral clearing,...
Push and pull payment transactions
In this article, we will look at push and pull payment transactions, two key concepts in payments. At first, let’s consider the definitions of...
Payment systems models
Traditional payment systems operate essentially on two types of models: open loop models and closed loop models. In this post, we will present each...
Payment, Payment Instruments and Payment Systems
Many take payment systems for granted and some are not even aware of their existence. But the reality is that our world would be...