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Published in:
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2023 | OriginalPaper | Chapter

3. Retail Payments

Authors : Ulrich Bindseil, George Pantelopoulos

Published in: Introduction to Payments and Financial Market Infrastructures

Publisher: Springer Nature Switzerland

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Abstract

At the outset of this chapter, a number of key definitions and concepts are provided, including the notion of a payment, means of payments and their relevant categories, the recording of positions and the notion of legal tender. A brief history of payments is then outlined. Finally, the concepts of retail payment instruments, schemes and arrangements are explained and illustrated.

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previous chapter Risks, Regulation and Oversight of FMIs
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Metadata
Title
Retail Payments
Authors
Ulrich Bindseil
George Pantelopoulos
Copyright Year
2023
Book
Introduction to Payments and Financial Market Infrastructures

Print ISBN: 978-3-031-39519-2

Electronic ISBN: 978-3-031-39520-8

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-3-031-39520-8_3