This class was created by Brainscape user Tim Rennie. Visit their profile to learn more about the creator.
By:
Tim Rennie
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Decks in this class (24)
1. Payments Building Blocks
What s rtgs 1,
What s dns 2,
What s a pso 3
21
cards
2. Early payment types
What is money defined as in the c...,
What were the primary benefits of...,
What are the main drawbacks of ca...
21
cards
3. Development of Payment Types
What are the main electronic paym...,
What are some reasons for the dev...,
What is funds transfer 3
36
cards
4. Instant Payments and Card Payments
What is an instant payment 1,
Name three key characteristics of...,
Give examples of instant payment ...
15
cards
5. New Forms of Money
What is a cryptocurrency 1,
What is a stablecoin 2,
What is a central bank digital cu...
15
cards
6. Channels and Connectivity
What is online banking 1,
What is mobile banking 2,
What is a mobile wallet 3
15
cards
7. Correspondent Banking and Cross Border Payments
What is correspondent banking 1,
What is a nostro account 2,
What is a vostro account 3
15
cards
8, Payment Systems and Settlement
What is an rtgs system 1,
What is a dns system 2,
What is the key difference betwee...
26
cards
9. Access to Payment Systems
What is direct access to a paymen...,
What is indirect access to a paym...,
What is a sponsor bank in the con...
15
cards
10. Oversight of Payment Systems
What is oversight of payment syst...,
What is the main objective of pay...,
Name three goals of oversight in ...
15
cards
11. Regulation of Payments
What is the main purpose of regul...,
Name three regulatory objectives ...,
Who oversees systemically importa...
15
cards
12. Legal and Regulatory Frameworks in the UK and Globally
What is the purpose of legal and ...,
What is the bank of england act 1...,
What is the financial services an...
15
cards
13. Risk in Payment Systems
What is settlement risk 1,
What is herstatt risk 2,
What is liquidity risk in payment...
15
cards
14. Fraud and Financial Crime in Payments
What is authorised push payment a...,
Name two common types of card fra...,
What is account takeover fraud 3
16
cards
15. Financial Inclusion
What is financial inclusion 1,
Name two key goals of financial i...,
What are common barriers to finan...
15
cards
16. The Economics of Payment Systems
What are fixed costs in a payment...,
What are variable costs in paymen...,
What are economies of scale in pa...
15
cards
17. Innovation in the Payments Industry.
What are three key drivers of inn...,
Name two common mobile payment in...,
What is biometric authentication ...
15
cards
18. Digital Identity and Authentication
What is digital identity 1,
Why is digital identity important...,
What is authentication in payments 3
15
cards
19. International Payment Standards
What is the main purpose of inter...,
What is iso 20022 2,
What is swift mt 3
15
cards
20, Environmental and Ethical Considerations in Payments
What is one major environmental i...,
How does digitalisation help redu...,
What is financial exclusion 3
5
cards
21. The Role of Payment Systems in the Wider Financial System
What role do payment systems play...,
Why are payment systems considere...,
What is financial market infrastr...
10
cards
22. Cross-Border Payments
What are cross border payments 1,
What are common challenges in cro...,
What are correspondent banks in c...
15
cards
23. The Future of Payments
What are key technology trends sh...,
What is a central bank digital cu...,
What is the difference between a ...
15
cards
24. The Broader Impact of Payments
How do payment systems support ec...,
In what way can payment systems p...,
How do efficient payment systems ...
15
cards
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CertPay
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