But the plumbing between bank payment systems and clearing houses remains fragmented.

但是，银行支付系统与票据交换所之间的沟通渠道仍然不畅。

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Simpay provides services for payment authorization, and for clearing and settling funds that flow between the mobile operators and mobile merchant acquirers. 3.

Simpay为支付认证，结算并解决手持电话操作者与手持电话商业要求者之间的资金流，提供服务。

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When crisis began, the frangibility of bank endangered the normal operation of the payment and clearing system, which resulted in credit and confidence collapse.

危机发生后，银行脆弱性直接危害了整个支付与清算系统正常运转，造成连锁反应式的信用恐慌与崩溃。

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He asks the chief executive of the Association for Payment Clearing Services (Apacs), which represents the credit card industry, what the banks are thinking of lending money to people who will never be able to afford to pay it back.

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Gemma Smith of the Association of Payment and Clearing Services (Apacs) told the programme that the clearing service technology is not date sensitive.

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It checks a user's identity, looks up his rights, contacts a financial clearing-house to arrange payment and, if everything is in order, decrypts the digital work.

ECONOMIST: Digital rights and wrongs