The Story of Payments
The Story of Payments

Author: Richard Oliver

Publisher:

Published: 2020-07-31

Total Pages:

ISBN-13: 9780578663623

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Written by experienced experts from both the private andthe government sector, The Story of Payments: How TheIndustrialization of Trust Created the Modern Payment Systemtells the story of how payments - between people, merchants,employers and governments - emerged from the ancient systemof barter and grew, through various technologicalimplementations ranging from coins and paper money tochecks, wire transfers and credit cards to today's entirelyelectronic local and international payment systems. Readerswill learn the inner workings of the U.S. Payments System thatallow it to work effectively and efficiently, including thetechnology, standards, laws and regulations that provideubiquity and ease of access. The authors also provide insightinto the inherent risks of the payment system and set forth amodel for future innovation and change. The Story of Payments:How The Industrialization of Trust Created the Modern PaymentSystem is a practical manual for those who make and receivepayments, an instructional manual for those who work inpayments, and a fascinating historical exploration of the rolethe world's payment systems have played in creating the commercial society we live in today.

The Federal Reserve System Purposes and Functions
The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

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Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Building a Cashless Society
Building a Cashless Society

Author: Niklas Arvidsson

Publisher: Springer

Published: 2019-02-22

Total Pages: 98

ISBN-13: 3030106896

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This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers’ understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden’s leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.

Electronic Value Exchange
Electronic Value Exchange

Author: David L. Stearns

Publisher: Springer Science & Business Media

Published: 2011-01-04

Total Pages: 261

ISBN-13: 1849961395

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Electronic Value Exchange examines in detail the transformation of the VISA electronic payment system from a collection of non-integrated, localized, paper-based bank credit card programs into the cooperative, global, electronic value exchange network it is today. Topics and features: provides a history of the VISA system from the mid-1960s to the early 1980s; presents a historical narrative based on research gathered from personal documents and interviews with key actors; investigates, for the first time, both the technological and social infrastructures necessary for the VISA system to operate; supplies a detailed case study, highlighting the mutual shaping of technology and social relations, and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications; examines how “gateways” in transactional networks can reinforce or undermine established social boundaries, and reviews the establishment of trust in new payment devices.

The Rise of Digital Money
The Rise of Digital Money

Author: Mr.Tobias Adrian

Publisher: International Monetary Fund

Published: 2019-07-15

Total Pages: 20

ISBN-13: 1498324908

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This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

State Banking in Early America
State Banking in Early America

Author: Howard Bodenhorn

Publisher: Oxford University Press, USA

Published: 2003

Total Pages: 368

ISBN-13: 0195147766

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Examines the different state banking systems in the U.S. from 1790 through 1860.

How the Other Half Banks
How the Other Half Banks

Author: Mehrsa Baradaran

Publisher: Harvard University Press

Published: 2015-10-06

Total Pages: 337

ISBN-13: 0674495446

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The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect

The Anatomy of the Swipe
The Anatomy of the Swipe

Author: Ahmed Siddiqui

Publisher:

Published: 2020-04-08

Total Pages: 240

ISBN-13: 9781641374477

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Have you ever wondered what happens during a swipe of a credit card? Every major tech company will become a payments company. Yet, not many people understand how payment systems in the US work. Those that do "get it" are unlocking multi-billion dollar opportunities. If you've ever wondered what happens when you actually swipe/dip/tap your credit card or debit card then The Anatomy of the Swipe breaks down the details in the simplest manner possible. Here are some questions answered within these pages: How does money move from my credit card to my favorite coffee shop? How can I build a neo-bank? How can I build my own debit or credit card? How can I accept card based payments? The Anatomy of the Swipe speaks to software developers and entrepreneurs who are looking at implementing card-based payments for the first time, merchants who want to be able to accept payments for a website or store, or those who want to issue their own debit/credit card. This book walks beginners through modern innovations created because of card-based payments, as well as the motivations and revenue models of each party in the payments ecosystem.

Contemporary Economics
Contemporary Economics

Author: Robert Carbaugh

Publisher: Routledge

Published: 2015-05-11

Total Pages: 481

ISBN-13: 1317473817

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The new edition of this popular text combines a clear, concise presentation of basic micro- and macroeconomic theory with up-to-date coverage of the U.S. economic recovery as well as international issues. The author's treatment of current debates over banking regulation, fiscal issues, and other hot topics is always well-balanced. Many students in an introductory economics course are non-majors, so Carbaugh keeps things light and friendly and uses lots of applications to hold the reader's interest.

Contemporary Economics
Contemporary Economics

Author: Robert J. Carbaugh

Publisher: M.E. Sharpe

Published: 2013-07-18

Total Pages: 482

ISBN-13: 0765641798

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This popular text combines a clear, concise presentation of basic micro- and macroeconomic theory with an abundance of contemporary applications to motivate the reader. This new 7th edition is very strong on internationally oriented examples and it has excellent chapters on international trade and finance. An online Instructor's Manual and Test Bank are available to adopters and a free online study guide is available to students.