maksetel
Maksetel is a hypothetical term used in fintech discourse to denote the process and infrastructure by which payment obligations are converted into final, settled transfers between banks or payment service providers. In this usage, maksetel encompasses the end-to-end lifecycle from payment initiation by the payer to final settlement of funds into the payee’s account, including clearing, reconciliation, and post-settlement auditing. The term is not tied to a specific regulatory framework and is used primarily in educational or exploratory contexts to illustrate settlement mechanics.
Etymology and usage: The word is a constructed neologism formed by combining elements associated with payment
Function and architecture: A maksetel system typically involves a payment gateway or API for initiation, a
Variants and implementations: Real-world counterparts include traditional real-time gross settlement (RTGS), gross and net settlement arrangements,
Limitations: As a hypothetical construct, maksetel is used for explanation and does not reflect a specific