Search Results - subject_exact:"Payment transactions"

Interlinking payment systems and trade flows

Ferrari, Massimo Minesso; Lebastard, Laura; Triay … - 2026

This paper provides the first causal estimate of the economic impact of interlinking payment systems across countries. We exploit a new dataset of payment systems interlinking initiatives, which identifies over 2,000 connections, and employ standard gravity methods to estimate their impact on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618092

Central bank digital currency as a new means of payment : an experimental approach

Magin, Jana; Neyer, Ulrike; Stevens, Alexandra - 2026

Many Central banks around the world are considering the introduction of a Central Bank Digital Currency (CBDC) as a new means of payment. One of the reasons for introducing a CBDC is a change in payment behavior towards an increasing use of electronic forms of payment. This paper examines the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618518

Cashing in on cashless: different pathways to cashless payments in the Global South

Brandl, Barbara; Moreno, Guadalupe - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549199

Digital cross-border payment technologies in fragile, conflict, and vulnerable settings

Moret, Erica - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549200

Innovations and the layering of money and payments

Bindseil, Ulrich - 2026

This paper analyses the role of layering in the architecture of money and payment systems and how recent technological innovations affect it. Layering in payments, whereby payment ledgers are hierarchical to each other, and senior ledgers allow for interoperability between junior ledgers, has...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618783

Legal tender, debt, and the institutional settlement of monetary obligations in English law

Wilson, Neil; Tye, Richard; Berkeley, Andrew - 2026

This paper challenges the widespread public and institutional misconception that legal tender laws in English law compel creditors to accept payment in a specific form. We argue that legal tender is a narrow, procedural artefact with diminishing practical relevance. Through an analysis of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015563862

From cash to crypto: towards a consistent regulatory approach to illicit payments

Minto, Andrea; Kosse, Anneke; Shirakami, Takeshi; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609560

I am so tired! I don't know what to do! survey fatigue and financial literacy : results from a randomized experiment

Chernesky, Anna; Huynh, Kim P.; Voia, Marcel-Christian - 2026 - Last updated: March 4, 2026

Cross-country evidence finds that there are low levels of financial literacy. Financial literacy is often measured using the "Big Three" questions about interest rates, inflation, and risk. These questions are usually part of a longer survey. Respondents in long surveys may suffer survey fatigue...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610866

Selected European law challenges related to the use of artificial intelligence payment agents

Grabowski, Michał; Costea, Iulia - 2026 - Version: 26 February 2026

This article examines the EU-law challenges arising from the use of artificial intelligence for payment initiation and execution (“Payment Agents”) under European Union law. It focuses on Payment Agents that support purchasing workflows and are capable of initiating payments in both...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612290

Public vs. private payment platforms : market impacts and optimal policy

Liu, Youming; Rivadeneyra, Francisco; Reshidi, Edona - 2026 - Last updated: March 10, 2026

We study competition between a welfare-maximizing public platform and a profit-maximizing private platform in a two-sided payment market. We characterize the public platform's optimal pricing and show that it balances the benefits of increased competition against the welfare costs of network...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612292

Project FuSSE (Fully Scalable Settlement Engine) exploring the scalable, flexible and secure design of modern settlement engines

2026

Financial market infrastructures (FMIs) must remain secure, resilient and adaptable over long horizons, even as payment volumes grow and technologies, standards and threat environments evolve. The continued expansion of digital payments, alongside emerging models such as Internet of Things...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612456

Liquidity optimization in gross settlement systems with quantum reordering : application to TARGET2

Astuti, Valerio; Baldeschi, Adriano; Bastianelli, Luca; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613762

Adoption and welfare effects of payment innovations : the case of digital wallets in Peru

Andia, Arturo; Aurazo, Jose; Paliza, Marcelo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613787

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Adoption and welfare effects of payment innovations: the case of digital wallets in Peru

Andia, Arturo; Aurazo, Jose; Paliza, Marcelo - 2025

Book / Working Paper

Generative AI for surveys on payment apps : AI views on privacy and technology

Takahashi, Koji; Park, Joon Suk - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613800

Stablecoin disintermediation

Lee, Michael Junho; Tou, Donny - 2026

We propose a theory of stablecoin disintermediation, whereby stablecoins not only erode banks' deposit franchises but also transmit liquidity stress to the banking system. Using transaction-level data linking onchain transactions to wholesale interbank payments, we document the first evidence of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614724

Predicting the payment preference for CBDC : a discrete choice experiment

Choi, Syngjoo; Kim, Bongseop; Kim, Young-sik; Kwon, Ohik; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015581438

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Predicting the payment preference for CBDC : a discrete choice experiment

Choi, Syngjoo; Kim, Bongseop; Kim, Young-sik; Kwon, Ohik; … - 2025

Book / Working Paper

Merchant steering of consumer payment choice

Greene, Claire; Shy, Oz; Stavins, Joanna - 2026

This paper investigates the degree to which merchants influence consumers' choice of how they pay for transactions. Using data from the Survey and Diary of Consumer Payments Choice, we examine consumers' adherence to their preferred payment method when making in-person transactions. We also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604580

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Merchant steering of consumer payment choice

Greene, Claire; Shy, Oz; Stavins, Joanna - 2026 - This version: January 2026

Edition: This version: January 2026

Book / Working Paper

Programming money without programmable money

Lee, Michael Junho; Martin, Antoine - 2026

Programmability is at the heart of ongoing work on the future of money and payments by central banks around the world. Despite its potential, there is growing concern that programmability conflicts with the provision of "good" money. This paper overviews key principles of "good" money and argues...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604654

Public discourse on retail payments and the case of CBDC

Bindseil, Ulrich - 2026

The retail payment industry is significant, affects every citizen and is a very precondition for a modern society based on the division of labor. It is characterized by two-sidedness, strong network effects, high fixed costs, high concentration and high profitability of successful firms,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624553

Who owns crypto in the euro area? : drivers of crypto adoption, payment use, and its interaction with fiat cash

Zamora-Pérez, Alejandro - 2026

Using a survey of 39,507 adults in 17 euro-area countries, I find that crypto-asset owners and the niche subgroup of payers have distinct profiles. Owners - typically younger, male, and financially active - exhibit mixed preferences, valuing both cash-like privacy and card-like speed. Crypto...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626943

How do some lower-income Canadians pay

Buckland, Jerry; Henry, Christopher; Nur, Wendy; … - 2026 - Last updated: March 3, 2026

Previous research suggests that lower-income Canadians may have unique experiences with the use of payments, including the use of cash and digital payments. We conduct a case study using data from the Canadian Financial Diaries (CFD) project to gain insight into how some lower-income Canadians...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638045

Project Samara : research paper

Arora, Rakesh; Faruqui, Umar; Hendry, Scott; Shah, Dinesh; … - 2026 - Last updated: March 5, 2026

Project Samara was a limited, real world experiment designed to evaluate the use of distributed ledger technology (DLT) and wholesale central bank digital money (W CAD) in Canadian capital markets. The project involved the issuance of a single tokenized bond by Export Development Canada to a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638054

Emerging Capabilities in Fast Payments : NFC and Offline Payments

2026

The World Bank's Fast Payment Systems (FPS) Toolkit, supported by the Gates Foundation, is a comprehensive resource designed to guide countries and regions in their policy and implementation choices as they develop fast payment systems. Available at fastpayments.worldbank.org, the toolkit...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641164

The hierarchy of critical participants : a clustering approach utilising network-based indicators for payment systems

Glowka, Marc; Müller, Alexander; Weber, Anne - 2026

Identifying critical participants is important for central banks as operators and overseers of payment systems. The binary decision about criticality is not evident, as there are no common criteria that define it. This paper introduces a novel approach using the example of TARGET2 for tackling...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643994

Banking competition and access to cash and retail banking services in rural Canada

Xiao, Hong Yu; Petrunia, Robert; Lucky, Sarah - 2026 - Last updated: June 11, 2026

We study the accessibility and competitive structure of Canadian retail banking and cash services in rural, localized markets using the Bresnahan-Reiss entry threshold framework. We estimate population thresholds required to support a given number of establishments in two segments of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655740

Everything you want to know about the bank's Standing Liquidity Facility… but were too afraid to ask!

McRae, Kaetlynd; Chen, Jessie Ziqing - 2026 - Last updated: June 11, 2026

The Standing Liquidity Facility (SLF) is one of the Bank of Canada's least discussed tools - and one of its most important. Embedded directly in Canada's high-value payment system, Lynx, the SLF operates quietly in the background every business day, ensuring the smooth settlement of payments and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015661122

The impact of potential retail central bank digital currency on the Canadian financial system during a severe recession

Priazhkina, Sofia - 2026 - Last updated: June 15, 2026

This policy note examines how a non-interest-bearing retail central bank digital currency (CBDC) could affect the financial stability of Canada's systemically important banks during a severe recession. Stress test results show that the banks remain resilient, maintaining key regulatory ratios...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015661660

Who Pays for Payments?

Egan, Mark L.; Matvos, Gregor; Seru, Amit; Wang, Lulu; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647631

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Who pays for payments?

Egan, Mark L.; Matvos, Gregor; Seru, Amit; Wang, Lulu; … - 2026

Book / Working Paper

Who Pays for Payments?

Egan, Mark L.; Matvos, Gregor; Seru, Amit; Wang, Lulu; … - 2026

Book / Working Paper

Contrasting ledgers : considerations for U.S. dollar interbank payment systems

Leistra, Melissa - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653042

The fragility of perfectly safe digital money

Klee, Elizabeth; Lubis, Arazi; Ross, Chase P.; Ross, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653237

Affordability of cash : from stocktaking to why and how

Rösl, Gerhard; Seitz, Franz - 2026

This paper analyzes the affordability of cash in an international context. After outlining why cash should remain a core component of a diversified payment mix within a resilient and efficient payment system, we discuss methodological challenges associated with measuring the costs of payment...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636428

Sent in ten seconds : early evidence on the impact of the EU instant payments regulation in Luxembourg

Theal, John - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636940

Digital payments and economic performance : evidence from Italy

Ardizzi, Guerino; Lippi Boncambi, Niccolò; Demma, Cristina - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637431

Bidder opportunism, familiarity, and the M&A payment choice

Lohmeier, Nils; Schneider, Christoph - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559060

Cross-border payment technologies : innovations and challenges

Claessens, Stijn; Rice, Tara N. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616614

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Cross-border payment technologies : innovations and challenges

Claessens, Stijn; Rice, Tara N. - 2026

Book / Working Paper

The real effects of payment anonymity : evidence from the crypto ecosystem

Wei, Jiayi - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667776

The anatomy of stablecoin transactions

Schär, Fabian; Kosse, Anneke; Rice, Tara N.; … - 2026 - Working paper version: June 10, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668395

Cryptocurrencies : the network vs. the chain

Fahim, Samuel - 2026

This paper studies whether fast-settlement payment layers can replace secure baselayer blockchains in a search-theoretic monetary model. The Chain provides secure but costly and probabilistic settlement, while the Network provides instant, cost-free payments but exposes users to cyberattacks and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669634

Consumer trust and adoption of digital payment systems in emerging markets

Emini, Adelina; Budić, Hrvoje; Volarević, Hrvoje - 2026

Digital payment systems have already become the key to transforming financial services in emerging markets, but their usage remains highly dependent on user trust, perceptions of usefulness and convenience, and the availability of favourable conditions. Objectives: This research sought to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667915

The Gig Economy and Digital Fast Payments : Technical Note

2026

The World Bank Group has closely monitored the global development of fast payment systems (FPS) by central banks and private sector providers, resulting in a comprehensive toolkit that guides countries in designing and implementing such systems. Supported by the Gates Foundation, the toolkit...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015673061

Europe's payments bottleneck : merchant choice as a competition remedy

Inderst, Roman; Valletti, Tommaso M.; Wentzien, Christoph - 2026

A decade after the EU Interchange Fee Regulation, the central competition problem in European card payments has not disappeared. Fee caps regulate one important price component, but they do not by themselves create a credible merchant-side outside option at the point of sale. Merchants remain...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668990

Cash redux, credit card surcharges, and the tax gap

Soled, Jay A.; Alm, James - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015676484

Indian experience of fostering competition through state intervention : lessons from card payment system and unified payments interface

Iyer, Chidambaran G. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015676304

Mobile financial services : paying with my palm$das simple as that!

Avornyo, Philip; Xiao, Lin; Opata, Christian Narh; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015676210

Next steps for genius payment stablecoins : what regulators need to do to make them trusted payments and ensure financial stability

Dudley, William C.; Liang, Jean Nellie - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015676774

Finding a needle in a haystack : a machine learning framework for anomaly detection in payment systems

Desai, Ajit; Kosse, Anneke; Sharples, Jacob - 2025

We propose a flexible machine learning (ML) framework for real-time transaction monitoring in high-value payment systems (HVPS), which are central to a country's financial infrastructure and integral to financial stability. This framework can be used by system operators and overseers to detect...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654802

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Finding a needle in a haystack : a machine learning framework for anomaly detection in payment systems

Desai, Ajit; Kosse, Anneke; Sharples, Jacob - 2024 - Last updated: May 15, 2024

Edition: Last updated: May 15, 2024

Book / Working Paper

Finding a needle in a haystack: a machine learning framework for anomaly detection in payment systems

Desai, Ajit; Kosse, Anneke; Sharples, Jacob - 2024

Book / Working Paper

Monetization and relational structures : the diffusion of checks in Buenos Aires during the emergence of the banking system

Wasserman, Martín - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015138007

Privacy-enhancing technologies for digital payments : mapping the landscape

Auer, Raphael A.; Böhme, Rainer; Clark, Jeremy; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015206739

Wholesale CBDC : examining the business case

Ramaswamy, Srichander - 2025 - Version Date: 24 November 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548974

Post-COVID-19 : leveraging digital payment services for a sustainable future through bibliometric analysis

Bhopal, Rachna; Nazma; Devi, Rita - 2025

The study aims to uncover the factors driving the increased use of digital payments during the pandemic and provide insights into the evolution of India's payment ecosystem with sustainable development goals.Utilizing a bibliometric analysis framework, the study examines a dataset of 418 papers...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549039