We develop and test the effectiveness of a theoretical governance model for general purpose payment systems (GPPS), systems that are used by individuals, businesses and merchants, and state, local and federal government entities to make and receive payments. We test for effective governance...

The methodology and presentation of the BIS payment and settlement statistics have been modified to enhance the comparability of data provided by different countries. The statistics show the impact of technological innovations on the use of payment instruments and on the processing of payments...