Sentence examples for payment architecture from inspiring English sources

Finally, payer-centric payment architecture is advocated to facilitate the adoption of smart phones for mobile commerce applications, in contrast to the current prevalent mode of payee-centric payment practice.

CME Group has announced it will use real-time payment architecture from Dwolla to facilitate on demand payment capabilities for clearing and settlement, as well as streamline payment operations for CME Clearing members and clients.

I argue that the structural reform and the technical provisions proposed by the "Keynes Plan" may still – at least in principle – provide useful remedies for international disequilibria, by remedying the asymmetries of the current international payments architecture and helping to curb both inflationary and deflationary pressures on the world economy.

However, cash and its overarching payments architecture remain deeply entrenched.

This paper proposed only a modification of current payment system architecture but did not suggest any decision making algorithm.

Cardholder: a person that is buying goods or services at the Point-of-Sale and wishes to pay by card Fig. 1 Payment card scheme architecture.

It involves four parties: Cardholder: a person that is buying goods or services at the Point-of-Sale and wishes to pay by card Fig. 1 Payment card scheme architecture Merchant: a shop that accepts payment cards Acquirer: an institution that is responsible for transaction processing and settlement Issuer: an institution, usually bank, that issued payment card to the Cardholder.

The growth of online shopping alongside the complete transformation of the architecture for payments thanks to new government regulations and the adoption of contactless payment technologies, has brought about a generational shift in the way that money changes hands.

In AAA infrastructures the charging process is focused on the interaction between the vendor and payment provider (a client-server architecture) [5, 10].

Surprisingly, the architecture of the payments industry looks a lot like the pre-disrupted music industry.

The differences include the pricing and payment methods, performance monitoring, regulation and compliance, architecture, security, and service support.