Some observations from 2006 on innovation in retail payments in Europe are summarized in this article. The focus is on selected developments in the area of E-Payments. In principle, E-Payments may be defined as all payments that are initiated, processed and received electronically. One can...

The payments market is a dynamic market. Novel payment instruments are being launched at a fast clip. Unfortunately, a classification that adequately distinguishes all possible payment instruments by their most relevant characteristics is missing in the literature. In this paper a classification...