Global Trends in Large-Value Payments 1

  title={Global Trends in Large-Value Payments 1},
  author={Morten L. Bech and Christine Preisig and Kimmo Soram{\"a}ki},
lobalization and technological innovation are two of the most pervasive forces affecting the financial system and its infrastructure. Perhaps nowhere are these trends more apparent than in the internationalization and automation of payments. The evolving landscape is most obvious in retail payments. The use of paper checks is in rapid decline or has been eliminated in most of the industrialized world. Credit and debit cards can be used in the most surprising places. Internet banking with money… CONTINUE READING


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