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  2. Proof-of-payment - Wikipedia

    en.wikipedia.org/wiki/Proof-of-payment

    POP payment center in New York City, used for Select Bus Service lines. Ticket hall with open barrier line in Niittykumpu metro station, Espoo, Finland. Proof-of-payment (POP) or proof-of-fare (POF) is an honor-based fare collection system used on many public transportation systems.

  3. Diagnosis-related group - Wikipedia

    en.wikipedia.org/wiki/Diagnosis-related_group

    DRGs were intended to describe all types of patients in an acute hospital setting. DRGs encompassed elderly patients as well as new born, pediatric and adult populations. [14] The prospective payment system implemented as DRGs had been designed to limit the share of hospital revenues derived from the Medicare program budget. [11]

  4. Contactless payment - Wikipedia

    en.wikipedia.org/wiki/Contactless_payment

    EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...

  5. SWIFT - Wikipedia

    en.wikipedia.org/wiki/SWIFT

    According to SWIFT's public information database on the subject, RMA software should eventually prove more secure and easier to keep up-to-date; however, converting to the RMA system meant that thousands of banks around the world had to update their international payments systems to comply with the new standards.

  6. Prospective payment system - Wikipedia

    en.wikipedia.org/wiki/Prospective_payment_system

    A prospective payment system (PPS) is a term used to refer to several payment methodologies for which means of determining insurance reimbursement is based on a predetermined payment regardless of the intensity of the actual service provided. It includes a system for paying hospitals based on predetermined prices, from Medicare.

  7. Clearing House Interbank Payments System - Wikipedia

    en.wikipedia.org/wiki/Clearing_House_Interbank...

    CHIPS differs from the Fedwire payment system in three key ways. First, it is privately owned (by The Clearing House Payments Company LLC ), whereas the Fed is part of a regulatory body. Second, it has 47 member participants (with some merged banks constituting separate participants), compared with 9,289 banking institutions (as of March 19 ...

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