Liabilities and Payment rail: Difference between pages
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imported>Doug Williamson (Expand definition.) |
imported>Doug Williamson (Create page - source - BNY - https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/insights/a-spotlight-on-digital-currencies.pdf) |
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''Cash management - liquidity - financial markets - infrastructure - remittances.'' | |||
A payment rail is an infrastructure that supports and enables remittances and settlement. | |||
Rails coexistence and interaction will optimise solutions | |||
:"Currently, payment rails are predicated upon a centralized model. | |||
:Furthermore, new, transformative rails - such as the Real-Time Payments (RTP®) network in the US, Australia’s New Payments Platform (NPP) and the Faster Payments network in the UK - are restricted in terms of the value that can be transferred. | |||
:This is an issue for wholesale payments in particular, where values significantly exceed such ceilings... | |||
:... we believe that no one initiative or technology is a silver bullet for delivering optimized payments—nor is there one path that will take us there. | |||
:It is a combination of capabilities that will enable payments and settlements to be truly optimized. | |||
:Going forward, the industry will see coexistence and interaction between traditional rails, the more established emerging technologies and the new landscape of digital currencies. | |||
:Digital tokens and fiat money will coexist, with different rails and channels remaining relevant, supporting different payment needs and delivering value." | |||
:''Innovation in Payments - A spotlight on digital currencies - BNY Mellon, 2021 - p4 & 11.'' | |||
== See also == | == See also == | ||
* [[ | *[[Cash management]] | ||
* [[ | *[[Clearing House Automated Payment System]] | ||
* [[ | *[[Committee on Payments and Market Infrastructures]] (CPMI) | ||
* [[ | *[[Continuous linked settlement]] (CLS) | ||
* [[ | *[[Digital currency]] | ||
* [[ | *[[Digital token]] | ||
* [[ | *[[Faster Payments Service]] (FPS) | ||
* [[ | *[[Fiat money]] | ||
* [[ | *[[Financial market]] | ||
* [[ | *[[Financial Market Infrastructure]] (FMI) | ||
* [[ | *[[Infrastructure]] | ||
* [[ | *[[Liquidity]] | ||
* [[ | *[[New Payments Platform]] (NPP) | ||
* [[ | *[[Payment]] | ||
* [[ | *[[Payment infrastructure]] | ||
* [[ | *[[Platform]] | ||
* [[ | *[[Real-time Payments]] (RTP) | ||
* [[ | *[[Regulation]] | ||
* [[ | *[[Remittance]] | ||
* [[ | *[[Supervision]] | ||
* [[ | *[[Systemic risk]] | ||
* [[ | *[[Systemically Important Payment System]] (SIPS) | ||
==Further resource== | |||
*[https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/insights/a-spotlight-on-digital-currencies.pdf Innovation in Payments - A spotlight on digital currencies - BNY Mellon, 2021] | |||
* [ | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
[[Category:Technology]] | |||
Revision as of 12:27, 16 February 2023
Cash management - liquidity - financial markets - infrastructure - remittances.
A payment rail is an infrastructure that supports and enables remittances and settlement.
Rails coexistence and interaction will optimise solutions
- "Currently, payment rails are predicated upon a centralized model.
- Furthermore, new, transformative rails - such as the Real-Time Payments (RTP®) network in the US, Australia’s New Payments Platform (NPP) and the Faster Payments network in the UK - are restricted in terms of the value that can be transferred.
- This is an issue for wholesale payments in particular, where values significantly exceed such ceilings...
- ... we believe that no one initiative or technology is a silver bullet for delivering optimized payments—nor is there one path that will take us there.
- It is a combination of capabilities that will enable payments and settlements to be truly optimized.
- Going forward, the industry will see coexistence and interaction between traditional rails, the more established emerging technologies and the new landscape of digital currencies.
- Digital tokens and fiat money will coexist, with different rails and channels remaining relevant, supporting different payment needs and delivering value."
- Innovation in Payments - A spotlight on digital currencies - BNY Mellon, 2021 - p4 & 11.
See also
- Cash management
- Clearing House Automated Payment System
- Committee on Payments and Market Infrastructures (CPMI)
- Continuous linked settlement (CLS)
- Digital currency
- Digital token
- Faster Payments Service (FPS)
- Fiat money
- Financial market
- Financial Market Infrastructure (FMI)
- Infrastructure
- Liquidity
- New Payments Platform (NPP)
- Payment
- Payment infrastructure
- Platform
- Real-time Payments (RTP)
- Regulation
- Remittance
- Supervision
- Systemic risk
- Systemically Important Payment System (SIPS)
