An infrastructure for a real time bank-centric universal payment system (
) in which a central processing system (CPU) defines an electronic commerce trust system (
) formed from a plurality of financial service provider members (
) subscribing to a common standard having applicability throught the infrastructure. The central processing unit is operatively interconnected to the correspondent processing units of financial service provider members (
) that in turn are operatively interconnected through access mechanisms to a network of customers (
) and goods and services providers (
) who are account subscribers with the financial service provider member (
) and subject to the common standard of the system. The CPU provides non-revocable real time debit and credit transactions and effects net settlement between and among members through a central exchange monetary system. Features of the infrastructure include ECTS hot file, bill presentment and payment options and provider designed services that enhance brand identity.