e-Payment: The Digital Exchange

The volume of payments handled electronically has increased dramatically in recent years, as have liquidity, volatility and the amount of money flowing across borders. Combine these global trends with a growing convergence in network architecture as e-payment of all kinds moves to Internet protocols, and an ever-increasing push to link payments with business and consumer data, and you have a shifting e-payment landscape that presents daunting challenges, as well as exciting opportunities, for banks, businesses, governments and citizens.

This book takes a unique, wholly integrated look at the e-payment landscape, viewing consumer, business and wholesale payments as a continuum. It presents a unique description of the changing environment and delineates the dynamic e-payment scene, helping us to understand the possibilities as well as the limits to change, and making a strong contribution to the increasingly important debate about the future of money.