Payment Systems

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

Chapter 4 in Introduction to Payments and Financial Market Infrastructures, 2023, pp 41-58 from Springer

Abstract: Abstract Prior to presenting a discussion of both real time gross settlement (RTGS), deferred net settlement (DNS), large-value vs retail payment systems, this chapter provides a definition of payment systems. Several examples of large-value and retail payment systems are provided. This is followed by numerous systems of financial accounts that depict the various operational layers in payments, including those with a (i) single, (ii) double and (iii) triple settlement layers.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-39520-8_4

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DOI: 10.1007/978-3-031-39520-8_4

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