Payment Systems From the Salt Mines to the Board Room [Hardcover]

Payment systems are changing profoundly through regulation, technology and competition from new entrants.?This is a comprehensive introduction and reference on payment systems, covering their structure, international systems and settlements, and?focusing on electronic transfers.?Concludes with the future of the payments business.Introduction PART?I: THE STRUCTURE AND ECONOMICS OF PAYMENT SYSTEMS Chapter 1: The Architecture of Payment Systems Introduction and Basic Concepts Participants in a Payment System Payment Operations Standards Efficiency Criteria for Payment Systems Chapter 2: Payment Instruments Characteristics of Payment Instruments Cash Cheques Credit Transfers Direct Debits Cards Payment Channels Statistics and Comparative Trends Chapter 3: Cross-currency Payments and SWIFT Correspondent Banking The SWIFT Network The Correspondent Banking and Clearing Business Remittances Chapter 4: Risks in Payment Systems, Oversight and Security Analysis of Risks in Payment Systems Risk Management Regulatory Oversight Fraud Prevention and Security Chapter 5: The Role of Payment Systems in the Economy The Economic Role of Payment Systems Payment Systems and Money Velocity Network Economics Part II: OVERVIEW OF CURRENT PAYMENT SYSTEMS Chapter 6: European Payments and SEPA SEPA The Payment Services Directive (PSD) The TARGET2 RTGS System Clearing and Settlement Mechanisms The EBA Payment Systems The SEPA Schemes and Frameworks Business and Operational Impact of SEPA UK Payment Systems Chapter 7: The US Payment Systems Fedwire The National Settlement System CHIPS The ACH Network Cheques Cards Trends Overview of the US Securities Clearing and Settlement Systems Chapter 8: Major Asian Payment Systems Payment and Securities Settlement Systems in Japan? Payment and Securities Settlement Systems in China and Hong Kong SAR Chapter 9: New Entrants Remittance Service Providers Non-bank Issued Credit Cards Transport Cards Mobile Phones and Mobile Payments Paypal Earthport Part III: lӂ