Page 351 - The Digital Financial Services (DFS) Ecosystem
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ITU-T Focus Group Digital Financial Services
Ecosystem
Definition This term can mean a variety of different things. In banking, float is created when one party's account is debited or credited at a different time than the counterparty to the transaction. eMoney , as an obligation of a non-bank provider , is sometimes referred A means of holding funds for the benefit of
to as float. funds safeguarding. accounts. vidual transactions. use a mobile phone in some way.
Alternative and Related T erms Funds Isolation, Funds Safeguarding, Custodian Account, Trust Related to transactions which transfer value from one end party to another. Mobile Payment, Electronic Funds Transfer
Account. Deposit Insurance Packaging, Tying Real Time
T erm
(continued) Float Escrow Deposit Guarantee System Bundling Transaction Cost Payments Digital Payment Immediate Funds Transfer Pull Payments
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