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Payment Systems

2023
Fintech refers to current advancements in the financial sector. The burgeoning sub-discipline of digital forensics that focuses on financial technologies addresses distinct and consequential digital evidence concerns. Fintech for payments, funds transfer, and other financial operations are being introduced by the digital revolution of society ...
Ulrich Bindseil, George Pantelopoulos
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The Shadow Payment System

SSRN Electronic Journal, 2017
Banking, derivatives, and structured finance may attract the lion’s share of accolades and approbation in global finance – but payment systems are where the money is. Historically, payment systems in most jurisdictions have been legally and operationally intertwined with the conventional banking system.
Awrey, A, van Zwieten, K
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Capital in the Payments System

Economica, 1992
Capital is required to support the payments system in modern economies with well developed financial markets. Financial innovations raise the marginal product of capital in this usage. This suggests that there are general equilibrium consequences associated with an optimal selection of a payments system that includes barter, money, and a capital-based ...
Marquis, Milton H, Reffett, Kevin L
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Payment Systems

Annual Review of Financial Economics, 2011
Modern payment instruments can be complex. Yet, many of these can be interpreted as a form of money or credit, which are rather primitive instruments. We use a simple model of a monetary economy to provide an overview of some of the fundamental questions in the literature on payments. Why do agents pay? What are the frictions that prevent or limit the
James McAndrews   +2 more
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