Near Real-Time Retail Payment and Settlement Systems Mechanism Design

• Main Authors: Zhiling GUO, KAUFFMAN, Robert John, Mei LIN, Dan MA
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Clearing; faster payments; hybrid mechanism; management science; mechanism design; payment; policy analytics; settlement; systems design; Computer Sciences; E-Commerce; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/3214; https://ink.library.smu.edu.sg/context/sis_research/article/4215/viewcontent/SwiftWP_No_2014_004_1.pdf
• Institution: Singapore Management University

Rapid expansion of e-commerce, along with rising domestic and cross-border payments, has fueled the demand among financial institutions for a cost-effective means to expedite clearing and settlement of low-value retail payments. These are called faster payments settlement systems. Traditionally, ret...