to process cashless payments : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

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	German	English
	Private Platzierungen (Private Placements) [EU]	Insurance corporations and pension funds comprise non-monetary financial corporations and quasi-corporations principally engaged in financial intermediation as a consequence of the pooling of risks (ESA 95, paragraphs 2.60-2.67). Interbank funds transfer systems (IFTS) are formal arrangements, based on private contract or statutory law, with multiple membership, common rules and standardised arrangements for the transmission and settlement of money obligations arising between members, in which most or all direct participants are credit institutions and which is used primarily to process cashless payments. International institutions comprise supranational and international organisations, such as the European Investment Bank, the IMF and the World Bank. Internet/PC-linked overnight deposits
The example sentences [G] were kindly provided by the Goethe Institute. Sentences marked by [EU] derived from DGT Multilingual Translation Memory. The European Commission retains ownership of the copyright in the original data.