 an unconditional order in writing issued by a person or a business organization

instructing the person whose name is drawn to pay a fixed amount of money to the
drawer or third party at a future date.

 the movement of funds from one account to another electronically.

 this is when a customer can telephone from home or office and instruct the bank to pay
certain bills or to transfer funds from one account to another.

 the use of the internet to conduct activities in a successful web-based or internet

business.

 an order that instructs a bank to pay/transfer a given sum of money to the

beneficiary/bearer.

 a payment card that can be used in place of cash to make purchases which is normally
linked to funds that are available on your chequing account.

 a plastic card containing a magnetic strip that gives the holder access to goods and
services on credit.

 a payment instrument that carries a guarantee of funds from your financial institution
unlike a cheque which may bounce.

 this is where an individual goes in physically to a financial institution an requests the

transfer of funds from one account to the other.

 - a pay-as-you-go digital medium of exchange and store of value using mobile money
accounts example penny pinch.

Credit cards

Bank draft Electronic transfer Cheques

Tele-banking- Bank transfers

M-money/mobile money and mobile wallets.

Bills of exchange

Debit cards; E-commerce