User:Ccsettle4

Hong Kong has launched a bulk settlement service, allowing Hong Kong dollar charge card transactions between participating banks to be settled more efficiently, the Monetary Authority said Monday.

The brand new service will minimize settlement risk by cutting time gap between payments made by banks with net outgoing payments, and those received by banks with net incoming payments.

Participating banks with net outgoing payments is going to be debited at the same time as individuals with net incoming payments are credited with the bulk settlement run at a pre-determined time on each settlement day.

Credit card companies - VISA, MasterCard and China UnionPay - uses the service, which is operated by Hong Kong Interbank Clearing.

決済代行