"settle payments" is a correct and usable phrase in written English.
It means to complete or resolve the payment of something. Example: John finally settled all of his outstanding payments and was relieved to have all of his bills paid off.
SWIFT does not initiate transfers, hold customers' money, or clear or settle payments.
The NCBs in the Eurosystem settle payments between one another through their "Target2" accounts.
Target2 accounts are used to settle payments between the national central banks in the Eurosystem.
The union represented an attempt to settle payments between member states, many of whom did not have convertible currencies.
A confiscation hearing to settle payments the singer owes to the DWP will be heard in June.
It said the $1.8 billion loan would mostly be used to settle payments due to local contractors and suppliers.
Jack Caffey, the federation president, said there was ample time to settle payment questions.
1970 The Clearing House Interbank Payments System, or Chips, is established to transmit and settle payment orders in American dollars for some of the largest and most active banks in the world.
Several years ago, the I.R.S. emptied Mr. V.'s bank account to settle payment of a return it constructed based on his W-2 form after he failed to file a return.
Stablecoins have the benefits of distributed ledger technology, providing speed and convenience in accessing other currencies and settling payments in potentially a global market.
Still, over time the influence of the renminbi will surely rise.The process could be hastened by America's increasingly restrictive rules on foreigners settling payments through America's financial system, or even through foreign banks with American businesses.
