Which of the following terms is used for payments that are usually automated and processed in batches?

The term that refers to payments that are usually automated and processed in batches is low-value payments. These types of payments often occur in large volumes and involve smaller amounts of money compared to high-value payments. Automated processing allows financial institutions to efficiently handle numerous transactions simultaneously, minimizing the costs and time associated with manual processing.

Low-value payments are commonly used for regular transactions, such as payroll, supplier payments, and consumer transactions. Because they can be processed in batches, they benefit from economies of scale.

In contrast, high-value payments typically involve significant sums of money and may be processed on an individual, real-time basis due to the increased risks and regulatory scrutiny associated with larger amounts. Instant payments are designed to provide immediate fund transfers, while cash payments are transactions made using physical currency rather than electronic or automated methods.