system of payments

USAGE SUMMARY

The phrase "system of payments" is correct and usable in written English.
It can be used when discussing the methods or processes involved in making financial transactions or transfers. Example: "The new system of payments introduced by the bank has made online transactions much more efficient."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

33 human-written examples

"The system of payments is highly progressive.

The New York Times

"What we have learned is we have to make the system of payments transparent".

The New York Times

This system of payments helps institutions, and therefore the UK Border Agency, track payments from students.

The Guardian

Dyke instinctively recoils from Blatter's crazed banana republic, a Byzantine system of payments and favours cultivated over 40 years.

The Guardian - Sport

This system of payments has been enhanced by setting up a card payment system on our website which is open 24/7.

The Guardian

Reworking family payments in line with the recommendations of the Henry review, which recommended a simpler system of payments to ensure children had a basic acceptable living standard.

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

27 human-written examples

There might be another reason some of the waiters left: the system of payment.

The New York Times - Food

Putting more bells and whistles on the system of payment is hardly the No. 1 priority right now.

The New York Times

The tax became permanent in the early 18th century, with apportionment by an intendant (royal agent) replacing the class system of payment.

Encyclopedia Britannica

There was hardly any circulation of money in the Out Islands, and many communities were tied by a system of payment in truck that is, payment in kind.

Encyclopedia Britannica

It also establishes a tiered system of payment for touring productions, which the union hopes will increase the number of jobs.

The New York Times

Expert writing Tips

Best practice

Consider the audience and context when choosing alternatives; "payment infrastructure" may be suitable for technical discussions, while "method of remuneration" suits HR-related content.

Common error

Be careful not to confuse "system of payments" with similar-sounding phrases like "terms of payment" or "payment schedule", which refer to the timing and conditions of individual payments, not the overall system.

Linguistic Context

The phrase "system of payments" functions primarily as a noun phrase. It refers to a structured set of methods, procedures, and technologies used to facilitate financial transactions. As Ludwig AI confirms, the phrase is correct and usable in written English.

Expression frequency: Common

Frequent in

News & Media

60%

Science

30%

Encyclopedias

10%

Less common in

Formal & Business

0%

Reference

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "system of payments" is a common and grammatically correct noun phrase used to describe the infrastructure and processes for financial transactions. Ludwig AI confirms its validity for written English. It appears frequently in news, science, and encyclopedia sources. Alternatives include "payment infrastructure" and "financial transaction system". When using the phrase, ensure clarity to avoid confusion with similar terms like "terms of payment". The phrase is suitable for neutral and professional contexts, making it versatile for various writing needs.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment processing system

Highlights the automated steps involved in handling payments.

payment infrastructure

Focuses on the underlying structure supporting payments.

funds transfer method

Focuses on the movement of money from one party to another.

financial transaction system

Highlights the transactional aspect of the payment process.

method of remuneration

Emphasizes the act of compensating someone for services.

monetary exchange mechanism

Focuses on the exchange of money within the system.

compensation arrangement

Refers to the agreed-upon terms for payment.

settlement protocol

Emphasizes the rules and procedures for finalizing payments.

disbursement process

Highlights the act of distributing funds.

revenue distribution model

Refers to how income is allocated among stakeholders.

FAQs

How can I use "system of payments" in a sentence?

You can use "system of payments" to refer to the methods and processes used for financial transactions. For example, "The new "payment processing system" has improved transaction speeds."

What are some alternatives to "system of payments"?

Depending on the context, you could use phrases like "payment infrastructure", "financial transaction system", or "monetary exchange mechanism".

What is the difference between "system of payments" and "terms of payment"?

"System of payments" refers to the overall structure and processes for handling financial transactions, while "terms of payment" refer to the specific conditions and timing of individual payments.

Is it correct to use "payment system" instead of "system of payments"?

Yes, "payment system" is often used interchangeably with "system of payments". Both refer to the methods and infrastructure used for conducting financial transactions.