Providing market research reports, industry analysis, company profiles and country reports for strategic planning, competitive intelligence, marketing and business research.
Search for Market Research Reports:    

Challenge and Innovation: Payment System Infrastructures Drive Payment System Evolution

Published by: TowerGroup

Published: Nov. 1, 2004 - 14 Pages


Table of Contents


TowerGroup Take-Aways




Report Coverage




PSIs Defined


Exhibit 1: Overview of Selected Payment System Infrastructures (2004)

Exhibit 2: Payment System Infrastructure Attributes and Goals




Competitive Payments Landscape


Exhibit 3: Market Forces and Challenges Facing Banks (2004)


Key Trends


Exhibit 4: National Payment Systems in the "Original 15" EU Nations




Challenges and Responses


Exhibit 5: Challenges and Issues for Payment System Infrastructures (2004)


Regulation


Exhibit 6: Selected Statutes, Regulations, and Rules Affecting Payments Business in the US and EU (2004)


Participant Demand


Exhibit 7: FI s Business and Service Needs from Payment System Infrastructures (2004)

Exhibit 8: Selected Innovations of Major PSIs




The US Federal Reserve: A Case in Point

Service Innovation

Payment System Evolution


Exhibit 9: Federal Reserve Bank: Planning for Next-Generation Payment Systems (2004)




Summary

Abstract

The payments industry is on the cusp of unprecedented change especially in the US and Europe and in major global markets. Payment system infrastructures (PSIs), the market infrastructures for payments clearing, are at the center of this maelstrom. Roger Ferguson, vice chairman at the US Federal Reserve, noted recently, that the payment systems are not facing fundamental problems. However, they are facing fundamental change, grappling with the myriad challenges raised by regulators and central banks and by their own members and participants as well as with a barrage of industry issues. Despite national and regional variations, many of these issues are consistent across geographies. The way PSIs react and the choices they make to confront these shared challenges are driving the evolution and, ultimately, the convergence of the payment systems.

This TowerGroup Research Note examines the challenges and concerns that are driving PSIs to evolve the payment system and cites innovations by several major PSIs in the US and the European Union. The US Federal Reserve Bank is highlighted as an illustrative case in point.

Get Full Details About This Report >>
US: 800.298.5699
Int'l: +1.240.747.3093
Buy this Report
Price and Delivery Options
Search Inside Report


 

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 160,000 market research reports, company profiles and country profiles from over 600 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.

 

© MarketResearch.com 2008