The PAYTECH Book: The Payment Technology Handbook for Investors, Entrepreneurs, and FinTech Visionaries

ISBN-13: 9781119551911 / Angielski / Miękka / 2020 / 256 str.

Susanne Chishti; Tony Craddock; Robert Courtneidge

Spis treści

Preface viiiAbout the Editors xiAcknowledgements xiii1. Payments ExplainedPayments are Getting Political Again 6Money: A History of Gods and Codes 11Payments Explained 14From Barter to App - How Payments Have Changed 17Do We Still Need to Pay? 21How ACH and Real-Time Payments Clearing and Settlement Works 23Payments as a Service 26The New Emerging Banks and Their Role in Payments 28The Payments Race 31PayTech Regulation Trends 34An Innovative Local Payments Method in an Ancient Land 372. Payment System Infrastructures and Money Transfer TechnologiesThe Convergence of Card Payments and Bank Payments 46Instant Payments: A New Deal for the Payments Market? 49PIN on Mobile - A Pivotal Moment for Payments 51PayTech in the Cloud 54The Rise of a Super-Correspondent Banking Network 56Why Distinctions within Mobile Wallets and Tokenization Matter 59The Future is Already Here; It is Just Not Evenly Distributed 61PSD2 Open Banking: The Challenges of Third-Party Provider Identity and Regulatory Checking 64Taking PayTech to the Villages of India 683. Payments Regulation and ComplianceHow Payments Regulation and Compliance Can Create a Better Future 74Refining the Collective Responsibility for Compliance 78Can Operational Agility Grow Payments in the New Online Platform Marketplaces? 81The Hidden Value of Greater Standardization for the EU-Wide FinTech Market 84Is Europe a Good Example of Open Banking? 86Taking Back the Power: Regulations in the EU are Changing the Face of Banking 88Achieving Control Effectiveness and Sustainable Compliance Using Nine Factors 91Money Laundering Laws, Technology and Keeping Up with Criminals 94Dynamic Regulation Readiness - Implementing the 5th Anti-Money Laundering Directive 97eKYC: The Next Mountain for e-Businesses to Climb 100AML Systems After Madoff: Ponzi-Identification Using "Complexity" 1024. Blockchain Regulation Around the WorldUnderstanding Cryptocurrencies, Blockchain Technology and Regulations 110Blockchain, Cryptocurrencies and How They Fit Within Current Payments Regulation 114Blockchain and Beyond 117Will Central Banks Adopt the New World Economy of Cryptocurrencies? 119The Case for a National Cryptocurrency 122Regulation and the Future of Blockchain: Which Approach Will Succeed? 124Web 3.0 - The Internet of Value 127Blockchain - An Elixir for Anti-Money Laundering? 129Facilitating Online Crypto-Payments Now and in the Future 132A New Law for Derivatives Markets and the Use of Smart Contracts 134PayTech and Blockchain: Adjusting for Security and Risk 137Cryptocommodities: An Essential Element of Decentralized Payments 1405. Payments in PracticeThe Perspective of a Passionate Payments CEO 148Plugging the Data Black Hole: How Mobile Self-Checkout Can Help Revive the High Street 152How UnionPay Quick Pass is Beating Alipay and WeChat Pay in China 155How Payment Agility and Cash-for-Carbon Can Solve a Global Problem for Mankind 158Revolutionizing the Retail Industry Through Integrated Payments Systems 162Asset Management and Payments in India - So Near and Yet So Far 164Exploiting the Value of Data Embedded in Payments Systems 167Reinventing the Customer Experience by Focusing on the After-Payment Emotional Experience 170How Open Banking and Payment Touchpoints Will Save Banks 172Why Personal Financial Management Will Be Embedded Into the Next Generation of Payments 175How Helping Microbusinesses Accept Digital Payments Could Transform Kenya's Economy and Enhance Inclusion 178How Decentralization Can Create a Customer-Centric Ecosystem 1826. Blueprint for ChangeA Blueprint for Change 188Accelerating the Adoption of PayTech Innovations 192How to Build a Successful PayTech Product 195The Future of Digital Payments Market Infrastructures 198It's Money, Jim, But Not as We Know It 201Payments as Open Business Banking Enabler for the Gig Economy 206The Financial Arms Race: The Game with No Rules 209How Network Paradigms Can Lead to New Payments Innovations 212It's the Ecosystem, Stupid! Keeping Ahead in a Payments Ecosystem 215Mobile Money: Creating a Cash-Light Africa to Solve the Financial Inclusion Problem 217Back to the Future: A Miraculous Time-Trip Through the Future, Present and Past of Payments 222Fifteen Ways in Which Our Digital Future Will be Shaped by PayTech 225List of Contributors 229Index 236

O autorze

SUSANNE CHISHTI is the CEO of FINTECH Circle, Europe's 1st Angel Network focused on fintech investments and Founder of the FINTECH Circle Institute, the leading fintech learning platform offering Innovation Workshops to C-level executives and fintech and entrepreneurship courses. She is also the Co-Editor of the bestsellers The FinTech Book, The WealthTech Book and The InsurTech Book, all published by Wiley. Susanne is considered as one of the leading fintech influencers globally and advisor to top management in financial services.TONY CRADDOCK is the Founder and Director General of the Emerging Payments Association, the UK's largest payments trade association. Credited with coining the term 'PayTech,' Tony is a popular commentator, speaker and writer on PayTech and is the architect of The Emerging Payments Academy, the Emerging Payments Awards, the EPA Inclusion Accreditation Service, The Inclusion Foundation and the PAY360 conference.ROBERT COURTNEIDGE is a Payments Lawyer and the CEO of Moorwand, Ltd, an international provider of payment services. He has more than 27 years of experience in cards and payment systems and works closely with The Payments Services Regulator, HM Treasury and the Financial Conduct Authority. Robert speaks and writes extensively on cards payments, financial technology and current legal and regulatory issues.MARKOS ZACHARIADIS is Full Professor and Chair in Financial Technology (FinTech) and Information Systems at the Alliance Manchester Business School, University of Manchester, a Council member at the World Economic Forum, and a FinTech Research Fellow at the University of Cambridge. His research has been published in top academic journals and books. A board advisor, mentor and international keynote speaker, Markos has been invited to present his research insights to various international conferences, governments and global organizations. He holds an MSc and PhD from the London School of Economics.