Developments in the fields of globalisation, technology and computers enhanced the payments systems and diversified the payment channels. In the past, cash money, cheques and documents were accepted as conventional payment channels for businesses, however, today credit cards, automated teller machines (ATMs), electronic fund transfers, smart cards, pre-paid cards, electronic wallets, mobile banking, internet and electronic money are preferred.
Limasol Türk Kooperatif Bankası Payment Channels Systems
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