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    #1

    Question Limits payment clearing times and to clear payments in under two hours

    Hi,

    Below is a case study for development, I don't understand the meaning of "clear" in below sentences.
    Please help to explain, and if possible, also help to provide the definition from dictionary because I have tried to find the exact meaning from Oxford but can't find the correct explanation.

    Government regulation that limits payment clearing times requires faster payment processes
    through near-instant money transfers between banks.
    A high-performance payment solution is developed that uses a messaging solution to route
    message traffic between systems. Many existing components of the older payment system
    were able to be adapted to work with the new messaging layer, preserving investment in
    these programs. The government requirement was to be able to clear payments in under two
    hours. However, this solution is technically capable of completing its processing in seconds. It
    handles millions of transactions every day.
    Thanks.

  1. Matthew Wai's Avatar
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    #2

    Re: Limits payment clearing times and to clear payments in under two hours

    'If a payment that is made into your bank account clears, or a bank clears it, the money is available for you to use.'── quoted from http://www.oxfordlearnersdictionarie...nglish/clear_2 Definition#13.
    I am not a teacher.

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