Payment rail - Revision history

Charles: /* A treasurer's perspective */

2023-11-27T11:20:59Z

A treasurer's perspective

← Older revision		Revision as of 11:20, 27 November 2023
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	==A treasurer's perspective==		==A treasurer's perspective==

	::Payments are fundamentally important for treasury, liquidity, cash management and reporting. Among other considerations, treasurers need to balance payment speed, security, settlement and total cost. A payment rail is any system for sending and receiving remittances, also known as a platform or network.		Payments are fundamentally important for treasury, liquidity, cash management and reporting. Among other considerations, treasurers need to balance payment speed, security, settlement and total cost. A payment rail is any system for sending and receiving remittances, also known as a platform or network.

	::Traditional rails - such as CHAPS - generally rely on banks or other established financial institutions to process payment instructions, and a centralised payment system to execute and settle them securely. Any time lags when using a rail can result in float, reducing liquidity and adding to total cost.

			Traditional rails - such as CHAPS - generally rely on banks or other established financial institutions to process payment instructions, and a centralised payment system to execute and settle them securely. Any time lags when using a rail can result in float, reducing liquidity and adding to total cost. Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.

	::Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.

	::Innovative and improved rails promise substantial security, speed, cost and reporting benefits for treasurers and our organisations.		Innovative and improved rails promise substantial security, speed, cost and reporting benefits for treasurers and our organisations.

			* [[ACT_Wiki:General_disclaimer\|read the disclaimer on a treasurer's perspective]]

	== See also ==		== See also ==

Doug: Remove surplus text.

2023-11-22T16:20:24Z

Remove surplus text.

← Older revision		Revision as of 16:20, 22 November 2023
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	::Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.		::Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.

	::Innovative and improved rails promise substantial security, speed, cost and reporting benefits for treasurers and our organisations. ~~Keep on track and up to speed at the ACT’s Cash Management Conference.~~		::Innovative and improved rails promise substantial security, speed, cost and reporting benefits for treasurers and our organisations.

Doug: Layout.

2023-11-22T16:17:15Z

Layout.

← Older revision		Revision as of 16:17, 22 November 2023
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	::Traditional rails - such as CHAPS - generally rely on banks or other established financial institutions to process payment instructions, and a centralised payment system to execute and settle them securely. Any time lags when using a rail can result in float, reducing liquidity and adding to total cost.		::Traditional rails - such as CHAPS - generally rely on banks or other established financial institutions to process payment instructions, and a centralised payment system to execute and settle them securely. Any time lags when using a rail can result in float, reducing liquidity and adding to total cost.


	::Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.		::Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.

Doug: Add quote.

2023-11-22T16:16:47Z

Add quote.

← Older revision		Revision as of 16:16, 22 November 2023
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	:''Innovation in Payments - A spotlight on digital currencies - BNY Mellon, 2021 - p4 & 11.''		:''Innovation in Payments - A spotlight on digital currencies - BNY Mellon, 2021 - p4 & 11.''


			==A treasurer's perspective==

			::Payments are fundamentally important for treasury, liquidity, cash management and reporting. Among other considerations, treasurers need to balance payment speed, security, settlement and total cost. A payment rail is any system for sending and receiving remittances, also known as a platform or network.

			::Traditional rails - such as CHAPS - generally rely on banks or other established financial institutions to process payment instructions, and a centralised payment system to execute and settle them securely. Any time lags when using a rail can result in float, reducing liquidity and adding to total cost.

			::Newer and disintermediated payment rails are already delivering faster and cheaper solutions, initially for lower value and retail remittances. Higher value payments need correspondingly greater security, currently favouring traditional payment rails.

			::Innovative and improved rails promise substantial security, speed, cost and reporting benefits for treasurers and our organisations. Keep on track and up to speed at the ACT’s Cash Management Conference.


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	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:~~The_business_context~~]]		[[Category:Cash_management]]
			[[Category:Financial_products_and_markets]]
	[[Category:Identify_and_assess_risks]]		[[Category:Identify_and_assess_risks]]
			[[Category:Liquidity_management]]
	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:Risk_frameworks]]		[[Category:Risk_frameworks]]
	[[Category:Risk_reporting]]		[[Category:Risk_reporting]]
	~~[[Category:Cash_management]]~~
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Liquidity_management]]~~
	[[Category:Technology]]		[[Category:Technology]]
			[[Category:The_business_context]]

imported>Doug Williamson: Add abbreviation.

2023-02-16T19:46:42Z

Add abbreviation.

← Older revision		Revision as of 19:46, 16 February 2023
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	== See also ==		== See also ==
	*[[Cash management]]		*[[Cash management]]
	*[[Clearing House Automated Payment System]]		*[[Clearing House Automated Payment System]] (CHAPS)
	*[[Committee on Payments and Market Infrastructures]] (CPMI)		*[[Committee on Payments and Market Infrastructures]] (CPMI)
	*[[Continuous linked settlement]] (CLS)		*[[Continuous linked settlement]] (CLS)

imported>Doug Williamson: Layout.

2023-02-16T12:35:52Z

Layout.

← Older revision		Revision as of 12:35, 16 February 2023
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	Rails coexistence and interaction will optimise solutions		:<span style="color:#4B0082">'''''Rails coexistence and interaction will optimise solutions'''''</span>

	:"Currently, payment rails are predicated upon a centralized model.		:"Currently, payment rails are predicated upon a centralized model.

imported>Doug Williamson: Mend links.

2023-02-16T12:34:47Z

Mend links.

← Older revision		Revision as of 12:34, 16 February 2023
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	*[[Faster Payments Service]] (FPS)		*[[Faster Payments Service]] (FPS)
	*[[Fiat money]]		*[[Fiat money]]
	*[[Financial ~~market~~]]		*[[Financial markets]]
	*[[Financial Market Infrastructure]] (FMI)		*[[Financial Market Infrastructure]] (FMI)
	*[[Infrastructure]]		*[[Infrastructure]]

imported>Doug Williamson: Create page - source - BNY - https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/insights/a-spotlight-on-digital-currencies.pdf

2023-02-16T12:27:42Z

Create page - source - BNY - https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/insights/a-spotlight-on-digital-currencies.pdf

New page

''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)

==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: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]]