The Future of Cheques
The Future of Cheques

Author: Great Britain. Parliament. House of Commons. Treasury Committee

Publisher: The Stationery Office

Published: 2011

Total Pages: 60

ISBN-13: 9780215561190

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The industry-dominated Payments Council should no longer have the unfettered power to decide the future of cheques, or other payment methods that directly affect millions of people, the Treasury Select Committee says in this report. Responding to concern from the general public and the Treasury Committee, the Payments Council announced on 12 July 2011 that cheques will continue for as long as customers need them and that the target for possible closure of the cheque clearing in 2018 had been cancelled. The Committee welcomes this belated decision of the Council to retain cheques, but warns the Council to ensure that the banks do not attempt to abandon cheques by stealth, nor deter customers from using cheques. The report recommends that: the Treasury should make provision in the forthcoming Financial Services Bill to bring the Payments Council formally within the system of financial regulation; the Council must obtain a commitment from the banks to give the Council advance sight of any material related to the future availability of cheques that the banks send to their customers; all banks should write to their customers stating that cheques will continue to be in use for the foreseeable future; the Payments Council should examine the reintroduction of the cheque guarantee card; changes be made to the composition of the Board of the Payments Council in order significantly to strengthen the voice of consumers.

Bank 2.0
Bank 2.0

Author: Brett King

Publisher: Brett King

Published: 2010

Total Pages: 38

ISBN-13: 9814302074

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The financial crisis is just beginning for retail institutions. Ninety to ninety-five per cent of bank transactions are executed electronically today. The Internet, ATMs, call centres and smartphones have become mainstream for customers. But banks still classify these as alternative channels and maintain an organisation structure where Branch dominates thinking. Continued technology innovations, Web 2.0, social networking, app phones and mobility are also stretching traditional banking models to the limit. BANK 2.0 reveals why customer behaviour is so rapidly changing, how branches will evolve, why cheques are disappearing, and why your mobile phone will replace your wallet all within the next 10 years.

Before Babylon, Beyond Bitcoin
Before Babylon, Beyond Bitcoin

Author: David Birch

Publisher: London Publishing Partnership

Published: 2017-06-15

Total Pages: 288

ISBN-13: 190799467X

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Technology is changing money: it has been transformed from physical objects to intangible information. With the arrival of smart cards, mobile phones and Bitcoin it has become easier than ever to create new forms of money. Crucially, money is also inextricably connected with our identities. Your card or phone is a security device that can identify you – and link information about you to your money. To see where these developments might be taking us, David Birch looks back over the history of money, spanning thousands of years. He sees in the past, both recent and ancient, evidence for several possible futures. Looking further back to a world before cash and central banks, there were multiple ‘currencies’ operating at the level of communities, and the use of barter for transactions. Perhaps technology will take us back to the future, a future that began back in 1971, when money became a claim backed by reputation rather than by physical commodities of any kind. Since then, money has been bits. The author shows that these phenomena are not only possible in the future, but already upon us. We may well want to make transactions in Tesco points, Air Miles, Manchester United pounds, Microsoft dollars, Islamic e-gold or Cornish e-tin. The use of cash is already in decline, and is certain to vanish from polite society. The newest technologies will take money back to its origins: a substitute for memory, a record of mutual debt obligations within multiple overlapping communities. This time though, money will be smart. It will be money that reflects the values of the communities that produced it. Future money will know where it has been, who has been using it and what they have been using it for.

Sealy and Hooley's Commercial Law
Sealy and Hooley's Commercial Law

Author: David Fox

Publisher: Oxford University Press, USA

Published: 2020

Total Pages: 1133

ISBN-13: 0198842147

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Sealy and Hooley's Commercial Law: Text, Cases, and Materials provides students with an extensive and valuable range of extracts from key cases and writings in this most dynamic field of law. The authors' expert commentary and questions enliven each topic while emphasizing the practical application of the law in its business context. Five renowned experts in the field continue the legacy of Richard Hooley and Len Sealy, capturing the essence of this fascinating topic at a time of significant legislative, regulatory, and political change.

Intermediate Business
Intermediate Business

Author: Carol Carysforth

Publisher: Heinemann

Published: 2000

Total Pages: 426

ISBN-13: 9780435456023

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Exactly the right amount of support at each level ensures that you really get the most out of your GNVQ students. There is a Student Book covering all the compulsory units, Tutor's Resource File for each level and a Student Book covering four of the optional units at Intermediate level.

The Future of Payment Systems
The Future of Payment Systems

Author: Stephen Millard

Publisher: Routledge

Published: 2007-09-17

Total Pages: 347

ISBN-13: 1134071299

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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

The Future of Money
The Future of Money

Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy

Publisher:

Published: 1995

Total Pages: 946

ISBN-13:

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The Book of Payments
The Book of Payments

Author: Bernardo Batiz-Lazo

Publisher: Springer

Published: 2016-12-04

Total Pages: 432

ISBN-13: 1137602317

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This book examines the nature of retail financial transaction infrastructures. Contributions assume a long-term outlook in their exploration of the key financial processes and systems that support a global transition to a cashless economy. The volume offers both modern and historic accounts that demonstrate the constantly changing role of payment instruments. It brings together different theoretical approaches to the study, re-examining and forecasting changes in retail payment systems. Chapters explore a global transition to a cashless society and contemplate future alternatives to cash, cheques and plastic, featuring the perspectives of academics from different disciplines in conversation and industry participants from six continents. Readers are invited to discover the innovation in payment systems and how it co-evolves with changes in society and organisations through personal, corporate and governmental processes.

The Future of Money
The Future of Money

Author: Eswar S. Prasad

Publisher: Harvard University Press

Published: 2021-09-21

Total Pages: 497

ISBN-13: 0674270088

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An Economist Best Book of the Year A Financial Times Best Book of the Year A Foreign Affairs Best Book of the Year A ProMarket Best Political Economy Book of the Year One of The Week’s Ten Best Business Books of the Year 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 we’ve 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 won’t 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 Meta 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.