"This book analyzes the evolutionary trends, functions and mechanisms of payment systems and presents an in-depth explanation of how these trends led to the reduction of settlement risk and the importance of such mechanisms that have contributed to the evolutionary progress of payment systems"--Résumé de l'éditeur.
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
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.
Overviews the techniques and payment systems used to allow payments to be made across the Internet. After an introduction to cryptography, the authors (Trinity College) explain credit-card based systems, electronic checks, account transfers, electronic cash payment systems, and micropayment systems. The second edition adds a chapter on mobile commerce. c. Book News Inc.
"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).
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. Concludes with the future of the payments business.
For a thorough explanation of the legal systems that govern the full range of payment transactions, instructors can depend on Payment Systems and other financial transactions: Cases, Materials and Problems, Second Edition . When you review the Second Edition be sure to notice its: extraordinary authorship; Ronald J. Mann is one of the country's leading commercial law scholars and currently serves as Reporter for revisions tot he UCC articles related to checks unmatched breadth of coverage, including checks, credit cards, debit cards, ACH transactions, wire transfers, letters of credit, notes, guaranties, and securities effective application of the systems approach, grounded in detailed, practical explanations of how payment systems actually work text and problems that focus on how the rules apply in practice organization into 25 assignments, each including realistic problems that cover the major points students need to master extensive Teacher's Manual, with answers to all the problems in the book, plus specific guidance for structuring the assingments around a 50-minute, 75-minute, or two-hour class the Second Edition presents: an assignment on ACH Transactions cases interpreting the 1990 versions of Article 3 and 4: Gina Chin & Associates v. First Union Bank, Heritage Bank v. Lovett, and Grain Traders, Inc. v. Citibank coverage of proposed revisions of Articles 3 and 4 Transition Guide in the Teacher's Manual to show your students how theory translates into practice, use Payment Systems and Other Financial Transactions: Cases, Materials, and Problems, Second Edition, In your next course.
This guide explores innovations and the legal and technological questions presented in the banking and payment systems industry. Written by experts in the field, this book provides a topical discussion of the principal electronic payment systems utilized today and how they are ever changing to keep current with changes in technology.
Emphasizes the importance of designing a well-functioning intergovernmental fiscal system for achieving the reform objectives of economies in transition. This study explores the issues involved in redesigning intergovernmental relations in Albania, Bulgaria, Hungary, Poland, Romania, the Russian Federation, and Ukraine, where extensive political and fiscal decentralization is now underway. The volume focuses on the elements of decentralization in the transitional economies that distinguish them from those in the rest of the world. The book shows that in the transition from a command to a market economy, designing a well-functioning intergovernmental fiscal system is a prerequisite for achieving other reform objectives: macroeconomic stability, private sector development, and a social safety net for those hurt by the transition. The study further demonstrates that a broader analytical framework than is conventionally involved in the study of intergovernmental finance is needed for analyzing fiscal issues in these economies.
Recent innovations in the field of information technology and communications are radically changing the way international organizations conduct business. In this competitive environment, having the necessary tools to streamline business transactions and secure digital payments is crucial to business success. Electronic Payment Systems for Competitive Advantage in E-Commerce provides relevant theoretical frameworks and the latest empirical findings on electronic payment systems in the digital marketplace. Focusing on the importance of e-commerce in business development, including the advantages and disadvantages of e-payments, this book is an essential resource for business professionals who want to improve their understanding of the strategic role of e-commerce in all dimensions, as well as for both researchers and students.