(University of Zilina, 2020) Kováčiková, Martina; Ľubeková, Michaela
The payment system can be perceived as a certain system forming an important part
of the financial infrastructure of a market economy. Payments are made in non-cash and cash
form. In the case of non-cash form, the presence of a payment system is required, by means of
which transfers of funds are ensured. The interbank payment system is a system where direct
participants are represented by banks and is generally based on a correspondence or clearing
settlement system. The article describes the types of payment systems within the euro area and
the Visegrad Group countries and their basic characteristics.
