Payment system in real time, meaning that each transaction is continuously processed and settled in real time (settlement system in which processing and settlement take place on a transaction-by-transaction basis in real time). – See gross settlement system, clearing house, automatic, capital transfer system, electronic, retail payment system, electronic, TARGET system. – Cf. Deutsche Bundesbank Monthly Report of September 2005, pp. 45 ff. (detailed presentation of payment systems; p. 50: important comparison of systems with their advantages and disadvantages).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/