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Table of Contents
The architecture of payment systems
Payment instruments
Cross-currency payments and SWIFT
Risks in payment systems, oversight and security
The role of payment systems in the economy
European payments and SEPA
The US payment systems
Major Asian payment systems
New entrants
The settlement of foreign exchange trades and CLS
Securities settlement
The requirements of corporations
Corporate banking services
The banks' back offices
Payments as a business for banks
Where is the payments industry going?
Payment instruments
Cross-currency payments and SWIFT
Risks in payment systems, oversight and security
The role of payment systems in the economy
European payments and SEPA
The US payment systems
Major Asian payment systems
New entrants
The settlement of foreign exchange trades and CLS
Securities settlement
The requirements of corporations
Corporate banking services
The banks' back offices
Payments as a business for banks
Where is the payments industry going?