kreditöverföringssystem
A kreditöverföringssystem, often translated as a credit transfer system, is a financial mechanism that facilitates the movement of funds from one bank account to another. These systems are fundamental to modern economies, enabling individuals and businesses to make payments for goods, services, and other financial obligations. When a person initiates a credit transfer, they instruct their bank to send a specific amount of money to a designated recipient's account. The initiating bank then debits the sender's account and transmits the payment instructions through the credit transfer system to the recipient's bank.
Credit transfer systems can operate on various scales, from domestic interbank networks that handle everyday transactions