Payment Instruments

Diversity Holding

Payment instruments are an essential part of payment systems. Payment cards, credit transfers, direct debits and cheques are non-cash payment instruments with which end-users of payment systems transfer funds between accounts at banks or other financial institutions. The safety and efficiency of payment instruments are important for both maintaining confidence in the currency and keeping the economy running smoothly. The risks in the provision and use of payment instruments have not generally been considered to be of systemic concern.

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