Means of payment

The means of payment make it possible to use the Monnaie which one holds in deposit account or in Espèces to regulate its expenditure and debts. The interbank systems allow the exchange and, possibly, the Compensation of the means of payment between the finance companies.

Principal means of payment

  • the numerary Species (tickets and parts), primarily usable in the monetary Area of the currency where they are made out, for example the Euro in the euro area,

  • the transfer specific or automatic and the direct debit, at the national level,

  • the transfer, with the international level, with or without operation of changes,

  • the Purchasing card, which presents various forms (withdrawal, of flow, credit…),

  • the commercial drafts such as the milked (or bill of exchange ) and the note promissory , instruments as well of Credit as of payment.

  • the Letter of credit (or “Letter of credit”), the Credit on security, delivered by a bank with its customer having to make certain payments, primarily international (but nothing prohibits to use them between two people or entities of the same country, although it is very rare).

T I P: Titrate Inter Banquaire: order given by signature of taken on its account a certain amount to the profit of a large company the form pre-is filled it remains more than has to sign and has to date.

Evolution of the means of payment

The main motors of the current and future diversification of the means of payment are:

  • projections of the Technology (traditional with contact, or advanced electronic chip with radio transmission, Internet, etc). For example the Mobile phone has to become privileged means of payment (pilot experiments are in hand with the Japan, in France like, for example, with Movo).

  • the development of the Universalization of the exchanges. The installation of international standards, in particular of payment by chart or transfer (banking identifiers), makes it possible to harmonize operations.

In Europe, project SEPA (Single Euro Payments Area) will lead to the installation of new instruments of payment which will allow, the horizon 2011, to as easily carry out payments in all “zone SEPA” as at the national level.

See too

  • Serge Humpich
  • System of payment
  • statistics on the use of the various means of payment in France
  • an article of Finance & Strategies on the means of payment general public

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