Carol Coye Benson
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Payments Systems in the U.S.: A Guide for the Payments Professional
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published
2010
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6 editions
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Global Payments: And the Fintech Innovations Changing the Industry
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“Liquidity risk. The risk that a party cannot fulfill its financial obligations to another party.”
― Payments Systems in the U.S.: A Guide for the Payments Professional
― 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.”
― Global Payments: And the Fintech Innovations Changing the Industry
― Global Payments: And the Fintech Innovations Changing the Industry
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