Hybrid System and Integrated System

These advanced payment systems became possible through the progress of Information Technology (IT). The progress of IT enabled to achieve several mechanisms to support the sophisticated payment systems. This chapter gives the explanation of such mechanisms, which include (i) the frequent netting and continuous processing, (ii) partial netting, (iii) offsetting, (iv) searching and matching facility, (v) queue management function, (vi) pre-funding account, and (vii) multiple functions in a single payment system.