Payments

The Payment Chain & Finality

Posted on

After my last post (“Using Distributed Ledgers as a Payment System” – August 3rd), one of the replies I received highlighted the differentiation between payments made in Central Bank Money and those in Commercial Bank Money.   In my response to that point, I highlighted that Payments between Direct Participants in a given Payment System will […]

Payments

Can Payments Change?

Posted on

It is easy to forget with all the technical payment advances, that a payment is merely a method of paying for something using money you either already have in an account or a credit line you have against a bank or card issuer. All the current excitement around Applepay, contactless and other mobile wallets/devices merely […]