Abstract
When you have carefully studied this chapter you should be able to:
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Give an account of the bank giro system
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Explain the systems of direct debits and standing orders and compare one with the other
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Give an account of the debit and credit clearing systems, including the town clearing
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Distinguish between the CHAPS and BACS methods of settlement
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Explain the purpose of Switch and Delta cards
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Define a bankers’ draft and explain why it might be used
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© 1994 D.P. Whiting
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Whiting, D.P. (1994). Other methods of payment. In: Mastering Banking. Macmillan Master Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13240-9_7
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DOI: https://doi.org/10.1007/978-1-349-13240-9_7
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-59571-8
Online ISBN: 978-1-349-13240-9
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