The document details various electronic payment systems and their sources, including retail and wholesale customer payments. It highlights different value exchange methods such as electronic funds transfer, credit card systems, and bill payments. Additionally, it promotes following social media channels for more information.

1. Electronic Payment System

2. Receipt of Payments
• These are from three sources :
Retail customers
Wholesale customers
Various miscellaneous payments

3. Systems recently used
• Value exchange • Electronic funds
systems transfer systems
• Shared terminal • Non- bank networks
systems • Bill payments by
• Credit card systems telephone
• National networks • GIRO transfers
• Automatic deposit of • Point of sale
payrolls & social payments system
security payments

4. Value Exchange System
consumer Merchant
Local Bank
Processing Bank in
Card issuing Bank credit card system

5. Paperless Bills

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“Follow” us on Twitter:
http://twitter.com/WeLearnIndia
http://twitter com/WeLearnIndia
Watch informative videos on Youtube:
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