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Pix is an instant payment platform created and managed by the monetary authority of Brazil, the Central Bank of Brazil (BCB), [1] which enables the quick execution of payments and transfers. [2] Pix was announced in the summer of 2019, [3] and was fully operational on November 16, 2020. [1] The "Pix" brand name and logo were created in-house by ...
Instant payment. Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.
EMV. EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV stands for " Europay, Mastercard, and Visa ", the three companies that created the standard. [ 1] EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC ...
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [ 1][ 2] A payment system is an operational network which links bank ...
e. Mobile payment, also referred to as mobile money, mobile money transferand mobile wallet, is any of various paymentprocessing services operated under financial regulationsand performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment appon a mobile device to pay for a wide range ...
The Zelle service is intended for payments to those whom the payer already knows and trusts and the service disclaims any responsibility for goods and services sold through the system. [23] [24] Zelle uses ACH to settle the payments overnight, similar to direct deposit. [25] Zelle users can send money to other registered Zelle users.
Payment systems. The main article for this category is Payment systems. Wikimedia Commons has media related to Payment systems. Articles about ways money can be moved between persons, organizations, and locations, as well as how financial transactions can be executed.
Cisco PIX. Cisco PIX ( P rivate I nternet e X change) was a popular IP firewall and network address translation (NAT) appliance. It was one of the first products in this market segment. In 2005, Cisco introduced the newer Cisco Adaptive Security Appliance ( Cisco ASA ), that inherited many of the PIX features, and in 2008 announced PIX end-of-sale.