Defining payments systems of the future: Challenges and reality

Bob Mackman and Richard Sanders

Journal of Payments Strategy & Systems, 2009, vol. 3, issue 4, 290-300

Abstract: This paper sets out to define the payments system of the future, providing insight into how a payments hub concept will help to overcome some of the challenges currently facing the payments industry, as well as enabling banks to generate further revenue. The paper puts forward the argument for a new type of payments model which blends products and blurs the distinction between high and low value, and between domestic and international payments: payments hubs. The reader will gain a high level of understanding of how a hub architecture can be introduced and the advantages of implementing a standardised operating model which covers multiple payment types.

Keywords: payments processing efficiency; payment hubs; consistent payments architecture; financial middleware; liquidity management; payments regulation; SEPA; PSD (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/1549/download/ (application/pdf)
https://hstalks.com/article/1549/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2009:v:3:i:4:p:290-300

Access Statistics for this article

More articles in Journal of Payments Strategy & Systems from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().