Payment Systems Design Governance And Oversight
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Payment Systems Design Governance And Oversight
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Author : Bruce J. Summers
language : en
Publisher:
Release Date : 2012
Payment Systems Design Governance And Oversight written by Bruce J. Summers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Clearinghouses (Banking) categories.
The Payment System
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Author : Mr.Bruce J. Summers
language : en
Publisher: International Monetary Fund
Release Date : 1994-12-15
The Payment System written by Mr.Bruce J. Summers and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-12-15 with Business & Economics categories.
This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.
The Oversight Of Payments Systems
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Author : Biagio Bossone
language : en
Publisher:
Release Date : 2001
The Oversight Of Payments Systems written by Biagio Bossone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Electronic funds transfers categories.
Payment Systems
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Author : David B. Humphrey
language : en
Publisher: World Bank Publications
Release Date : 1995
Payment Systems written by David B. Humphrey and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
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.
Securities Clearance And Settlement Systems
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Author : Mario Guadamillas
language : en
Publisher: World Bank Publications
Release Date : 2001
Securities Clearance And Settlement Systems written by Mario Guadamillas and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Banks and banking categories.
How to assess securities clearance and settlement systems, based on international standards and best practices.
Oversight Issues In Mobile Payments
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Author : Tanai Khiaonarong
language : en
Publisher: International Monetary Fund
Release Date : 2014-07-15
Oversight Issues In Mobile Payments written by Tanai Khiaonarong and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-15 with Business & Economics categories.
This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
The Payment System
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Author : Tom Kokkola
language : en
Publisher:
Release Date : 2010
The Payment System written by Tom Kokkola and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Banks and banking, Central categories.
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
The Future Of Payment Systems
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Author : Stephen Millard
language : en
Publisher: Routledge
Release Date : 2008-03-25
The Future Of Payment Systems written by Stephen Millard and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-03-25 with Business & Economics categories.
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 important topics, including: the form payment systems might take in the future the risks associated with this evolution the techniques being deployed to assess these risks and the implications these risks have for the respective roles of the public and private sector. Produced in association with the Bank of England, this book is fascinating reading for practitioners and policy makers in the field of payment systems, as well as students and researchers engaged with the economics of payments and central banking policy.
The Impact Of Fintech On Central Bank Governance
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Author : Ms. Marianne Bechara
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-24
The Impact Of Fintech On Central Bank Governance written by Ms. Marianne Bechara and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-24 with Business & Economics categories.
Fintech presents unique opportunities for central banks. The rapid changes in technology that are transforming the financial system will allow central banks to enhance the execution of various of their core functions, such as currency issuance and payment systems. But some aspects of fintech pose major challenges. Central banks have always been at the cutting edge of financial technology and innovation. In the past, the invention of the banknote, the processing of payments through debits and credits in book-entry accounts, and the successive transitions of interbank payment systems from the telegraph to internet protocols were all transformative innovations. Today, central banks are facing new and unprecedented challenges: distributed ledger technology, new data analytics (artificial intelligence [AI] and machine learning), and cloud computing, along with a wider spread of mobile access and increased internet speed and bandwidth. The purpose of this note is to discuss the authors’ preliminary views on how, from a legal perspective, central banks can best deal with the impact of fintech on their governance. These preliminary views are based on a review of central banks’ reaction thus far to the challenges posed by fintech to the legal foundations of their governance.
Modernizing Payment Systems In Emerging Economies
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Author : Robert Listfield
language : en
Publisher:
Release Date : 2016
Modernizing Payment Systems In Emerging Economies written by Robert Listfield and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The authors address the following questions in this overview of payment systems: What is a payment system? How can efficient systems contribute to the development of modern, market-based financial institutions and markets? What elements are necessary for payment systems to operate efficiently? What are the operational characteristics of a modern payment system? What is the World Bank approach to selected payment system initiatives, design, and development? Effective, efficient payment systems, they conclude, are vital for the economic development of emerging economies. Efficient payment systems help promote the development of commerce, enhance economic policy oversight, control the risk inherent in moving large values, and reduce the financial, capital and human resources devoted to the transfer of payments. Many emerging economies lack the financial and technical resources to develop such systems. Many turn technical resources to develop such systems. Many turn to the World Bank and other international agencies for assistance. Unfortunately, some believe that the entire solution for an effective payment system rests in obtaining modern computer hardware and believe the World Bank`s sole contribution is to finance hardware costs. Hardware procurement alone will not solve problems of payment systems. These countries need organizational plans and structure for national payment systems before they spend money on computer equipment. They often lack the expertise to design and operate modern payment systems, so they may need technical assistance from financial experts before they invest in systems development. The design of a new payment system should be kept simple. Many emerging economies lack the infrastructure and banking sophistication to leapfrog from basic to state-of-the-art payment systems. The first task is to fix the most serious problems. The second is to upgrade the current systems incrementally, to meet basic standards of timeliness, security, and reliability. As these improvements are made, the countries can turn their attention to long-term, advanced solutions. Each country`s payments system is unique. To simply import another country`s system without adjusting for the target country`s geography, infrastructure, banking and legal structures, culture, and needs could lead to suboptimal solutions. Development of the system should follow a disciplined plan for defining the needs of users and for organizing the project team and project goals.