What are the instrument of payment?

Payment instruments and schemes are an essential part of payment systems. Cards, credit transfers, direct debits and e-money are non-cash payment instruments with which end users of payment systems transfer funds between accounts at banks or other financial institutions. read more

"Payment instrument" means any electronic or written check, draft, money order, traveler's check or other electronic or written instrument or order for the transmission or payment of money, sold or issued to one or more persons, whether or not the instrument is negotiable. read more

Payment instruments. Payment instruments and schemes are an essential part of payment systems. Cards, credit transfers, direct debits and e-money are non-cash payment instruments with which end users of payment systems transfer funds between accounts at banks or other financial institutions. read more

Instrument of Payment from Code of Maryland (2014) by The State of Maryland "Instrument of payment" means a check, draft, warrant, or order for the payment, delivery, or transfer of funds. read more