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Hybrid System and Integrated System

Hybrid System and Integrated System

Copyright: © 2011 |Pages: 13
ISBN13: 9781615206452|ISBN10: 1615206450|EISBN13: 9781615206469
DOI: 10.4018/978-1-61520-645-2.ch005
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MLA

Masashi Nakajima. "Hybrid System and Integrated System." Payment System Technologies and Functions: Innovations and Developments, IGI Global, 2011, pp.42-54. https://doi.org/10.4018/978-1-61520-645-2.ch005

APA

M. Nakajima (2011). Hybrid System and Integrated System. IGI Global. https://doi.org/10.4018/978-1-61520-645-2.ch005

Chicago

Masashi Nakajima. "Hybrid System and Integrated System." In Payment System Technologies and Functions: Innovations and Developments. Hershey, PA: IGI Global, 2011. https://doi.org/10.4018/978-1-61520-645-2.ch005

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Abstract

These advanced payment systems became possible through the progress of Information Technology (IT). The progress of IT enabled to achieve several mechanisms to support the sophisticated payment systems. This chapter gives the explanation of such mechanisms, which include (i) the frequent netting and continuous processing, (ii) partial netting, (iii) offsetting, (iv) searching and matching facility, (v) queue management function, (vi) pre-funding account, and (vii) multiple functions in a single payment system.

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