Creation and management of payment means
Category: General Banking
Banks have the monopoly of the means of payment necessary to the among flow of capital between economic agents. It can be cheque-books or credit-cards or even more sophisticated systems; their production and management are very complex and costly and need an adequate technological structure.
The number of written payment orders, the speed and the autoimmunization of fund transfers and the many different systems offered to customers are clear indicators of the state of development of a banking system.
In each country, an interbank payment system is organised, to compensate payments in and out of every bank; for a payment made by cheque by a customer in a shop, the diagram shows the circuit of the cheque from Bank B to Bank A through the clearing house.