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international payment |
Also found in: Wikipedia | 0.03 sec. |
international paymentPayment made between countries, whether in settlement of a trade debt, as a unilateral transfer of funds, for capital investment, or for some other purpose. The reasons for such payments and the methods of making them and accounting for them are matters of concern to economists and national governments. International debts are settled either from accumulated balances of foreign currency or claims on foreign currency, or by loans from creditor to debtor, or by drawing on the International Monetary Fund, or by movements of gold. How a country balances its international accounts is one of the most important decisions for its balance of payments. |
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? Mentioned in | ? References in periodicals archive | |
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The only Japan-based card to go international, JCB now has a solid foundation as one of the major international payment card brands, with over 350 partner corporations supporting a network of millions of merchants in 190 countries and territories. Global Clearing offers the ability to streamline a company's international payment processing from anywhere in the world, plus provides the company with maximum financial control over global payments. Offering clients a single Web-based platform for originating and managing payments activity worldwide, this modular solution leverages straight-through processing (STP) capabilities, including multi-currency, multi-language data integration, international payment standards, BIC and IBAN validation, and support for double-byte characters for clearing into Asia. |
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