This thesis sheds light on the functioning and characteristics of payment systems to serve as a foundation for understanding the drivers for higher payment system efficiency. Its central goal is to develop insights into the determinants of collective payment choice suitable to lower payment...

Titel -- Inhalt -- Vorwort -- Herausgeber -- Autorenverzeichnis -- Teil I: Aktuelle Entwicklungen im Payment-Markt -- Einführung -- Future Retail Payments: the Implications of Innovation for the Single Euro Payments Area -- 1 Introduction -- 2 Retail payments integration - the Single Euro...

The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology have attracted significant attention. These developments have raised the possibility of considerable impacts on the financial system and perhaps the wider economy. This paper...

There is room to improve the infrastructure for payments made by individuals, firms and government agencies that cross borders, according to a report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services....