faqs.org » Abstracts Index » Abstracts » Business

Payment systems over the next decade

Article Abstract:

In the future, there are almost certain to be many different types of electronic funds transfer systems combining various elements in different ways and proportions. By the 1990s, there will be as many different payment systems as there are now with paper transactions and cash payments persisting in all countries to some degree and presenting the problem of running two fundamentally different systems simultaneously. Before considering the implications for banks, it is necessary to analyze current systems and the changes which may take place due to new technology, governmental policies, cost and social factors.

Electronic funds transfer systems

---

Payment systems in eleven developed countries

Article Abstract:

Debt payment systems in the U.S., Japan, West Germany, Italy, Great Britain, France, Canada, the Netherlands, Belgium, Sweden, and Switzerland are analyzed and explained in the book, "Payment Systems in Eleven Developed Countries," (also known as the Red Book) a reference material published by the Bank for International Settlements to evaluate the economic conditions of the member nations on the Bank's board of directors. The current edition of the book is grouped by three segments: the introduction, a short outline, and a summary of the systems in the different nations.

Research, Management, Economic aspects, International aspects, Economic development, Industrialized countries, International relations, Industrial nations, External debts, Bank for International Settlements, Transfer payments

---

The forces at work in the evolution of payment systems in the 1980s

Article Abstract:

Central bankers identified forces which in the 1980s work for and against changes in payment systems. Forces for change appear to be stronger than those against, but they primarily affect the providers of payment services, not the users. Findings can be analyzed domestically, where households tend to remain against change, and internationally, where settling international payments will continue to be primarily a banking issue. Domestic changes may be influenced by decisions made in the banking industry relating to whether to accept the status quo or to encourage change.

Beliefs, opinions and attitudes, Bankers

Some parts © 2012 Advameg, Inc.