Transforming Payment Systems

Author : Setsuya Sat?
Publisher : World Bank Publications
ISBN 13 : 9780821333556
Total Pages : 56 pages
Book Rating : 4.50/5 ( download)

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Download or read book Transforming Payment Systems written by Setsuya Sat? and published by World Bank Publications. This book was released on 1995-01-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emphasizes the importance of designing a well-functioning intergovernmental fiscal system for achieving the reform objectives of economies in transition. This study explores the issues involved in redesigning intergovernmental relations in Albania, Bulgaria, Hungary, Poland, Romania, the Russian Federation, and Ukraine, where extensive political and fiscal decentralization is now underway. The volume focuses on the elements of decentralization in the transitional economies that distinguish them from those in the rest of the world. The book shows that in the transition from a command to a market economy, designing a well-functioning intergovernmental fiscal system is a prerequisite for achieving other reform objectives: macroeconomic stability, private sector development, and a social safety net for those hurt by the transition. The study further demonstrates that a broader analytical framework than is conventionally involved in the study of intergovernmental finance is needed for analyzing fiscal issues in these economies.

Author : Jakub Górka
Publisher : Springer
ISBN 13 : 1137541210
Total Pages : 270 pages
Book Rating : 4.15/5 ( download)

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Download or read book Transforming Payment Systems in Europe written by Jakub Górka and published by Springer. This book was released on 2016-04-08 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European payment market has undergone rapid transformation in recent years due to changes in payment habits, new business rules and new legal frameworks and regulation. There has also been an advent of new technologies and payment solutions which has altered the European payments landscape drastically. This book provides an overview of the fundamental issues involved in this new payments landscape. The authors discuss fundamental problems such as substitution between cash and non-cash payment instruments, payment costs, the economics of fees, and the demand for cash and deposit money. They also analyse issues such as two-sided markets, business platforms and the problem of critical mass. Other chapters focus on new phenomena in payments such as mobile payments, multi-sided platforms, electronic wallets, virtual currencies, decentralised ledgers, private digital currencies, blockchain and instant payments. The authors also review existing regulation for the topic including the revised Payment Services Directive (PSD2), Interchange Fee Regulation (IF/MIF Reg), and the Single Euro Payments Area (SEPA) project. Transforming Payment Systems in Europe offers insight into changing payment culture and the ways in which new payment systems can create a single digital market to foster further integration in Europe.

Author : Tanai Khiaonarong
Publisher : Springer Science & Business Media
ISBN 13 : 3790823333
Total Pages : 190 pages
Book Rating : 4.32/5 ( download)

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Download or read book Banking on Innovation written by Tanai Khiaonarong and published by Springer Science & Business Media. This book was released on 2009-06-01 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation in banking should be directed at improving the infrastructure that fosters efficient financial services and international trade. In this work, innovation theory is used to show how modern payment systems have transformed the technology of banking and facilitated changes in the strategy and structure of financial services organisations. Design, implementation and dissemination of payment systems are described and the analysis of their costs and benefits is combined with case studies of banks undergoing change. By studying firm capabilities, competencies, and resources, the approach is extended to services in general and linked to the ability of firms to compete and promote national economies. Payment systems vary and advanced and developing economies face obstacles in their legal and technical infrastructure, and maturity of banks. By adopting an international perspective, the book offers a unique comparative analysis that shows what kind of investments are likely to be effective.

Author : David B. Humphrey
Publisher : World Bank Publications
ISBN 13 : 9780821331118
Total Pages : 114 pages
Book Rating : 4.16/5 ( download)

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Download or read book Payment Systems written by David B. Humphrey and published by World Bank Publications. This book was released on 1995 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 260. An efficient payment system is a necessary precondition for business development. This study outlines the basic operating principles of a payment system and reviews its benefits, costs, risks, and problems. It examines in detail the systems currently in place in the developed economies of Europe and the United States and draws from the analyses to support recommendations for restructuring those systems in developing countries. The study reviews the various types of payment practices that exist in mature systems including cash, check, GIRO, debit and credit card, direct debit, and large-value wire transfers. A range of short- and long-term improvements in payment systems are recommended for developing countries. There is a special focus on the Russian payment system and the problems it faces in transition from a centrally planned to an market economy.

Author : Stephen Millard
Publisher : Routledge
ISBN 13 : 1134071299
Total Pages : 347 pages
Book Rating : 4.96/5 ( download)

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Download or read book The Future of Payment Systems written by Stephen Millard and published by Routledge. This book was released on 2007-09-17 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future.It covers a range of continually im

Author : Masashi Nakajima
Publisher : Engineering Science Reference
ISBN 13 : 9781615206452
Total Pages : 0 pages
Book Rating : 4.50/5 ( download)

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Download or read book Payment System Technologies and Functions written by Masashi Nakajima and published by Engineering Science Reference. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book analyzes the evolutionary trends, functions and mechanisms of payment systems and presents an in-depth explanation of how these trends led to the reduction of settlement risk and the importance of such mechanisms that have contributed to the evolutionary progress of payment systems"--Résumé de l'éditeur.

Author : Tamara Knecht
Publisher : GRIN Verlag
ISBN 13 : 3346763412
Total Pages : 194 pages
Book Rating : 4.19/5 ( download)

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Download or read book The Digital Transformation of Payment: A Glimpse Into the Future of Mobile Payment Systems written by Tamara Knecht and published by GRIN Verlag. This book was released on 2022-11-16 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Business economics - Market research, grade: 1,0, accadis Hochschule Bad Homburg, language: English, abstract: Mobile payment systems are an innovation that allows people to make contactless payments with a mobile device (such as a smartphone) at the cash register in brick-and-mortar retail outlets without carrying a wallet with credit and debit cards. While other countries have almost entirely adopted and integrated this innovation into their daily lives, adoption rates in Germany remain significantly low. Hence, the objective of this work is to analyze the future of mobile payment systems in Germany with respect to the reasons for adoption or refusal. In particular, the following research question was addressed: Will mobile payment methods replace physical cards in Germany, or will certain factors prevent full adoption?

Author : Elspeth Bloodgood
Publisher : Photon Commerce
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.17/5 ( download)

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Download or read book Smart Instant Payments written by Elspeth Bloodgood and published by Photon Commerce. This book was released on 2024-04-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the cutting edge of instant payments as the authors provide a 360-degree view of how real-time payments processing builds the backbone of commerce, banking, and financial transactions. Historical Context: Trace the evolution of payment systems from traditional models to the lightning-fast operations today. Technical Foundations: Gain a solid understanding of ISO 20022, the universal language of financial messaging, and how it supports the architecture of modern payment systems. Strategic Implementations: Learn from real-world use cases and strategic planning insights for deploying instant payment systems across various sectors. Security and Compliance: Navigate through the complexities of risk management, fraud prevention, and regulatory compliance in the instant payments ecosystem. "Smart Instant Payments" is tailored for payment practitioners, financial institution executives, fintech innovators, and policymakers deciding on implementing instant payment systems.

Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.36/5 ( download)

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Download or read book General Principles for International Remittance Services written by Group of Ten. Committee on Payment and Settlement Systems and published by . This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Eswar S. Prasad
Publisher : Harvard University Press
ISBN 13 : 0674258444
Total Pages : 497 pages
Book Rating : 4.40/5 ( download)

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Download or read book The Future of Money written by Eswar S. Prasad and published by Harvard University Press. This book was released on 2021-09-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.