• View the Talks
• 39 min
  1. Large value payment systems and the role of regulation

  • Mr. Mark Manning
• 45 min
  2. Clearing and settlement systems and the role of regulation

  • Prof. Alistair Milne
• 38 min
  3. The economics of retail payments: theory and practice

  • Mr. Sujit Chakravorti
• 49 min
  4. Continuous linked settlement (CLS)

  • Mr. Morten Bech
  • Mr. Antoine Martin
• 36 min
  5. Operational outages in large value payment systems

  • Dr. David Mills
• 44 min
  6. Interaction between private and public systems

  • Mr. John Trundle
• 40 min
  7. Financial crises, payment system risk and oversight

  • Mr. Sean O'Connor
• 27 min
  8. The interdependencies of payment and settlement systems

  • Ms. Daniela Russo
• 48 min
  9. A review of related empirical research on retail payments

  • Dr. Jonathan Zinman
• 52 min
  10. Simulation as a tool in studying payment and settlement systems

  • Mr. Harry Leinonen

Printable Handouts

PDF

Navigable Slide Index

1. Introduction
2. Overview
3. Retail payments
4. Production side of payments
5. Move to electronic payments
6. Payment taxonomy
7. Cash
8. Cash usage
9. 2007 annual non-cash per capita payments
10. Growth of per capita debit card transactions
11. A study of cash substitution
12. Key findings of Amromin and Chakravorti
13. Payment cards
14. Antitrust scrutiny
15. Cost and benefits
16. Payment card network transfers
17. Sharing of surplus among participants
18. Sharing of surplus among consumers
19. Key questions
20. Adoption externality
21. Usage externality
22. Competition externality
23. Honor-all-cards rules
24. Modifications to honor-all-cards rules
25. Extension of credit
26. Results from theoretical model
27. Reasons given to regulate interchange fees
28. Australia
29. Spain
30. Payment cards in Spain
31. Our priors
32. Empirical results for Spain
33. Bank revenues
34. Innovation
35. Summary
36. Final remarks
37. References

Topics Covered

• Retail payment systems
• Production side of payments
• Move to electronic payments
• Payment taxonomy
• Cash transactions
• Growth of debit card transactions
• A study of cash substitution
• Payment cards
• Anti-trust scrutiny
• Costs and benefits of electronic payments
• Payment card network transfers
• Sharing of surplus among participants and consumers
• Externality
• Honor-all-cards rules
• Government intervention of payment card networks
• Case studies: Australia, Spain
• Innovation

Links

Series:

• Effective Oversight of Payment and Settlement Systems

Categories:

• Finance, Accounting & Economics

Talk Citation

Publication History

• Published on March 31, 2010