Carol Coye Benson > Quotes

“Liquidity risk. The risk that a party cannot fulfill its financial obligations to another party.”
― Carol Coye Benson, Payments Systems in the U.S.: A Guide for the Payments Professional

“In many countries, customers are charged no explicit transaction fees, as payers or payees. The FSP in these cases is recouping costs, and possibly making a profit, from related service fees or revenue sources such as account balances. The most typical, and most lucrative, of these “adjacencies” is lending: account balances (arguably there because of incoming and outgoing payments) are used by the bank to lend money, profitably, to other customers.”
― Carol Coye Benson, Global Payments: And the Fintech Innovations Changing the Industry