Payment Systems: From the Salt Mines to the Board Room

Hardcover | October 15, 2008

byDominique Rambure

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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. It concludes with the future of the payments business.

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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. It concludes with the future of the payments business.

DOMINIQUE RAMBURE is Honorary President of the Euro Banking Association, the first payment system for a European currency, and of the Eastern Banking Association, the first payment system between Eastern European countries. Following a career with leading European and US banks, he is now a consultant on payment systems to internationa...
Format:HardcoverDimensions:256 pages, 8.86 × 5.74 × 0.84 inPublished:October 15, 2008Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230202500

ISBN - 13:9780230202504

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Table of Contents

Introduction:
Payment systems: evolution and challenges  
PART 1
THE STRUCTURE OF PAYMENT SYSTEMS 
1 The architecture of payment systems
Participants Operations Schemes (RTGS, net, hybrid, etc.)  
2 Payment instruments
Characteristics Description (cash, cheques, electronic transfers, cards, etc.) Comparative statistical data and trends  
3 Cross-currency payments
Correspondent banking SWIFT Remittances  
4 The management of risks
Risks in payment systems Risk management Regulation and supervision Fraud prevention and security  
5 The role of payment systems in the economy
Money supply and liquidity The economics of payment systems Efficiency criteria for payment systems  
PART 2
OVERVIEW OF CURRENT PAYMENT SYSTEMS 
6 European payment systems
SEPA The Payment Systems Directive (PSD) TARGET The EBA payment systems The business Impact of SEPA UK payment systems  
7  US payment systems
Fedwire The Clearing House The ACH system  
8  Major Asian payment systems
Japan Hong Kong, China.  
9  New entrants
Western Union, Paypal, mobile payments, etc  
PART 3
THE SETTLEMENT OF TRADING ACTIVITIES
10 Foreign exchange settlement
Settlement risk in foreign exchange Herstatt and the Allsopp report CLS  
11 Securities settlement
Settlement risk in securities trading, DVP National securities settlement systems International systems (Euroclear, Clearstream) The Giovanini report  
PART 4
WHOLESALE PAYMENT SERVICES AND CASH MANAGEMENT
12 Requirements of corporations
Treasury Supply chain and finance chain  
13 Corporate Banking services
Balance and cash management Electronic invoicing Supply chain financing  
PART 5
PAYMENT PROCESSING WITHIN BANKS 
14 Payment services within the banks? strategies
Enterprise payments strategy Governance and organisation  
15 Back-office operations and IT
Back-office processes IT Towards STP  
16 The future of the payments business