Retail Payments

Ulrich Bindseil and George Pantelopoulos
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Ulrich Bindseil: European Central Bank
George Pantelopoulos: University of Newcastle

Chapter 3 in Introduction to Payments and Financial Market Infrastructures, 2023, pp 31-40 from Springer

Abstract: Abstract At the outset of this chapter, a number of key definitions and concepts are provided, including the notion of a payment, means of payments and their relevant categories, the recording of positions and the notion of legal tender. A brief history of payments is then outlined. Finally, the concepts of retail payment instruments, schemes and arrangements are explained and illustrated.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-39520-8_3

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DOI: 10.1007/978-3-031-39520-8_3

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