Technology in treasury management: Review of developments in payment systems 2010
Banks and regulators want a move to more cost-effective, attractive and easy-to-use payment systems. But the solutions they offer must also be attractive for consumers and businesses. By Jack and Wolfi Large.
The ability to make and collect payments is vital to business. No payments, no business. But with new payment systems and services constantly being developed and launched around the world it no longer makes sense for banks to continue to provide, or for businesses to continue to use, all of them. The problem, for companies, governments and banks, is which to maintain and which not.
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