Payment System in banks


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Name :	Shivendra Singh
Subject:	Payment System in banks
Message :	Payment system in simple words is A system that allows a person to pay for goods or services by transmitting a number from one computer to another. Sometimes when we go to retail shop we use our debit or credit card this system of purchase is online because all transaction that take place are real time transaction. This complete system of payment to bank or Financial Institution for the purchase is called Payment system.