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The purpose of this paper is to present the two existing virtual account models functioning in the European Union, examine their legal validity and identify the legal challenges related to the functioning of these models. The first model, Mass Payment Accounts, which is related to virtual...
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Since their introduction in the United States in 2002, contactless card payment systems have been widely regarded as the pinnacle of current retail banking technology. However, the potential demand and usage of this innovation has hitherto received little attention from the academic community....
Persistent link: https://www.econbiz.de/10013038464
This paper investigates the effect of liquidity-saving mechanisms (LSMs) in interbank payment systems. We model a stylised two-stream payment system where banks choose (a) how much liquidity to post and (b) which payments to route into each of two ‘streams': the RTGS stream, and an LSM stream....
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formed by the Reserve Bank of India in the year 2013 and headed by Nachiket Mor. The objective of the panel was to study … studies the aims and objectives of the Payments Bank, the group of customers that it seeks to serve and the various services …. There are currently seven active payment banks in India like Jio Payments Bank, Paytm Payments Bank and Airtel Payments Bank …
Persistent link: https://www.econbiz.de/10012823771
relationship between retail payment business and overall bank performance. Using data from across 27 European markets over the … period 2000–2007, we analyse whether the provisions of retail payment services are reflected in improved bank performance … adoption of retail payment transaction technologies. Retail payment transaction technology can itself also improve bank …
Persistent link: https://www.econbiz.de/10013146980
relationship between retail payment business and overall bank performance. Using data from across 27 European markets over the … period 2000-07, we analyse whether the provisions of retail payment services are reflected in improved bank performance … of retail payment transaction technologies. Retail payment transaction technology itself can also improve bank …
Persistent link: https://www.econbiz.de/10013149872
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, this market concept is also increasingly being applied to financial services, as part of a bank-FinTech cooperation. A …-label banking were established. The first model is based on a bank acting only as an outsourcing service provider. In the second … model, a bank also operates on the basis of a license it was granted. Both models have a common legal origin in European …
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