 Exploiting the new opportunities in European paymentsJonathan Williams Journal of Payments Strategy & Systems, 2007, vol. 1, issue 4, 331-341 Abstract: Changes to the payments landscape in Europe are far reaching and will affect many corporate organisations, including those for which European payments may currently seem a low priority. This paper examines the drivers for change and the plethora of regulatory and legislative changes that have resulted. Central to the issue are differing perspectives as to the meaning of ‘Straight Through Processing’ depending on an organisation’s role in the payments process. This significantly affects perceptions of the success of payment systems. The paper examines a variety of strategic initiatives through which organisations can achieve efficiency in their payments processes, focusing in particular on the advantages of consolidating the payments function. It concludes by outlining specific action that organisations should take in the light of recent regulatory change, and offers general guidance on how to build a business case for change while minimising risk to existing business processes. Keywords: Payments; Straight Through Processing; IBAN; Payment Services Directive; SEPA; corporate treasury; payments factory (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2007:v:1:i:4:p:331-341 Access Statistics for this article More articles in Journal of Payments Strategy & Systems from Henry Stewart Publications |
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