The effective functioning of payment systems across the related infrastructures is one of the most important factors for the efficient operation of the financial system of any country. As an integral part of the financial sector, payment systems are essentially the lifeblood of any modern economy. They are critical to the confidence of the users of the payment instruments, the payment systems and, ultimately, the public confidence in a country’s currency. Though not always consciously experienced, and in most cases taken for granted, payment systems touch the lives of millions of citizens every day. For the first time ever South African consumers and businesses have access to a practical, easy to read, but comprehensive guide to the various ways of making payments – including all the key features, but also risks and disadvantages associated with each option, ranging from card payments, electronic payments, cheques, cash and even cross-border. In addition, the basic principles underlying these payment systems are explained, as well as the inner workings and regulation of the national payment system. The various structures and organisations involved – both local and international – are also comprehensively covered. This unique book will be of interest to both professionals working in relevant areas of banking, insurance, financial services and related areas of technology provision, as well as ordinary users who wish to be better informed about both the benefits and pitfalls associated with various forms of payments. Some of the key questions that this book answers include: What are early debit orders?; How can I stop or reverse a debit order; How do I reverse a credit card transaction; How can I make an immediate inter-bank payment on the internet; What risks should I be aware of when making internet payments; What is the National Payment System; Who regulates payments in South Africa; What options do I have when making international payments.