The Chief Technology Officer must be able to do the following task in their job function: 1  The Chief Technology Officer with a team of Information Technology decision makers, are responsible for building the IT framework, policy and safeguards of a business unit.he CTO works with all facets of the business and has cross functional responsibilities for IT and Management as well as external partners in making sure that the information technology infrastructure and digital property is fully operational.
A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.hese include debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems. Some payment systems include credit mechanisms, but that is essentially a different aspect of payment.
Android Pay is a fast and secure mobile-payment system that works on a wide variety of phones, but it lacks some features offered by the competition. When Google Wallet first launched in 2011, it was primarily an NFC-payment system.