{"product_id":"the-paytech-book-isbn-9781119551911","title":"The PAYTECH Book","description":"\u003cp\u003e\u003cb\u003eThe only globally-crowdsourced book on the future of payments (“PayTech”), offering comprehensive understanding of a rapidly evolving industry at the centre of global commerce\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe movement of money between individuals, organisations and governments is crucial to the world economy. The payments industry has undergone immense transformation ­– new regulations, technologies and consumer demands have prompted significant changes to the tools, products and use cases in payments, as well as presented lucrative opportunities for entrepreneurs and FinTech professionals. As payment technologies become faster and more efficient, companies and investors are increasingly favouring PayTech innovation due to better customer experience, increased revenues and manageable risks. \u003ci\u003eThe PAYTECH Book \u003c\/i\u003ebrings together a diverse collection of industry experts to provide entrepreneurs, financial services professionals and investors with the answers they need to capitalise on the highly profitable PayTech market.\u003c\/p\u003e \u003cp\u003eWritten by leaders in the global FinTech and payment sectors, this informative volume explains key industry developments and presents valuable first-hand insights from prominent industry practitioners. Contributors include advisors and consultants to the payments and financial services industry, entrepreneurs and business owners utilising cutting-edge PayTech capabilities, academic researchers exploring the social-political-economic impact of PayTech and many others. Detailed chapters cover essential topics such as cybersecurity, regulation and compliance, wholesale payments and how payment systems currently work and how PayTech can improve them. This book:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDefines PayTech and identifies its key players\u003c\/li\u003e \u003cli\u003eDiscusses how PayTech can transform developed markets and accelerate growth in emerging economies\u003c\/li\u003e \u003cli\u003eDescribes how PayTech fits into the larger FinTech ecosystem\u003c\/li\u003e \u003cli\u003eExplores the future of PayTech and its potential as an agent of social change and financial inclusion\u003c\/li\u003e \u003cli\u003eProvides diverse perspectives on investment in PayTech and what consolidation and expansion will look like\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe PAYTECH Book: The Payment Technology Handbook for Investors, Entrepreneurs and FinTech Visionaries \u003c\/i\u003eis an indispensable source of information for FinTech investors and entrepreneurs, managers from payments companies and financial services firms and executives responsible for payments in government, corporations, public sector organisations, retailers and users of payments.\u003c\/p\u003e \u003cp\u003ePreface viii\u003c\/p\u003e \u003cp\u003eAbout the Editors xi\u003c\/p\u003e \u003cp\u003eAcknowledgements xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Payments Explained\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePayments are Getting Political Again 6\u003c\/p\u003e \u003cp\u003eMoney: A History of Gods and Codes 11\u003c\/p\u003e \u003cp\u003ePayments Explained 14\u003c\/p\u003e \u003cp\u003eFrom Barter to App – How Payments Have Changed 17\u003c\/p\u003e \u003cp\u003eDo We Still Need to Pay? 21\u003c\/p\u003e \u003cp\u003eHow ACH and Real-Time Payments Clearing and Settlement Works 23\u003c\/p\u003e \u003cp\u003ePayments as a Service 26\u003c\/p\u003e \u003cp\u003eThe New Emerging Banks and Their Role in Payments 28\u003c\/p\u003e \u003cp\u003eThe Payments Race 31\u003c\/p\u003e \u003cp\u003ePayTech Regulation Trends 34\u003c\/p\u003e \u003cp\u003eAn Innovative Local Payments Method in an Ancient Land 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Payment System Infrastructures and Money Transfer Technologies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Convergence of Card Payments and Bank Payments 46\u003c\/p\u003e \u003cp\u003eInstant Payments: A New Deal for the Payments Market? 49\u003c\/p\u003e \u003cp\u003ePIN on Mobile – A Pivotal Moment for Payments 51\u003c\/p\u003e \u003cp\u003ePayTech in the Cloud 54\u003c\/p\u003e \u003cp\u003eThe Rise of a Super-Correspondent Banking Network 56\u003c\/p\u003e \u003cp\u003eWhy Distinctions within Mobile Wallets and Tokenization Matter 59\u003c\/p\u003e \u003cp\u003eThe Future is Already Here; It is Just Not Evenly Distributed 61\u003c\/p\u003e \u003cp\u003ePSD2 Open Banking: The Challenges of Third-Party Provider Identity and Regulatory Checking 64\u003c\/p\u003e \u003cp\u003eTaking PayTech to the Villages of India 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. Payments Regulation and Compliance \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Payments Regulation and Compliance Can Create a Better Future 74\u003c\/p\u003e \u003cp\u003eRefining the Collective Responsibility for Compliance 78\u003c\/p\u003e \u003cp\u003eCan Operational Agility Grow Payments in the New Online Platform Marketplaces? 81\u003c\/p\u003e \u003cp\u003eThe Hidden Value of Greater Standardization for the EU-Wide FinTech Market 84\u003c\/p\u003e \u003cp\u003eIs Europe a Good Example of Open Banking? 86\u003c\/p\u003e \u003cp\u003eTaking Back the Power: Regulations in the EU are Changing the Face of Banking 88\u003c\/p\u003e \u003cp\u003eAchieving Control Effectiveness and Sustainable Compliance Using Nine Factors 91\u003c\/p\u003e \u003cp\u003eMoney Laundering Laws, Technology and Keeping Up with Criminals 94\u003c\/p\u003e \u003cp\u003eDynamic Regulation Readiness – Implementing the 5th Anti-Money Laundering Directive 97\u003c\/p\u003e \u003cp\u003eeKYC: The Next Mountain for e-Businesses to Climb 100\u003c\/p\u003e \u003cp\u003eAML Systems After Madoff: Ponzi-Identification Using “Complexity” 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Blockchain Regulation Around the World \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding Cryptocurrencies, Blockchain Technology and Regulations 110\u003c\/p\u003e \u003cp\u003eBlockchain, Cryptocurrencies and How They Fit Within Current Payments Regulation 114\u003c\/p\u003e \u003cp\u003eBlockchain and Beyond 117\u003c\/p\u003e \u003cp\u003eWill Central Banks Adopt the New World Economy of Cryptocurrencies? 119\u003c\/p\u003e \u003cp\u003eThe Case for a National Cryptocurrency 122\u003c\/p\u003e \u003cp\u003eRegulation and the Future of Blockchain: Which Approach Will Succeed? 124\u003c\/p\u003e \u003cp\u003eWeb 3.0 – The Internet of Value 127\u003c\/p\u003e \u003cp\u003eBlockchain – An Elixir for Anti-Money Laundering? 129\u003c\/p\u003e \u003cp\u003eFacilitating Online Crypto-Payments Now and in the Future 132\u003c\/p\u003e \u003cp\u003eA New Law for Derivatives Markets and the Use of Smart Contracts 134\u003c\/p\u003e \u003cp\u003ePayTech and Blockchain: Adjusting for Security and Risk 137\u003c\/p\u003e \u003cp\u003eCryptocommodities: An Essential Element of Decentralized Payments 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Payments in Practice\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Perspective of a Passionate Payments CEO 148\u003c\/p\u003e \u003cp\u003ePlugging the Data Black Hole: How Mobile Self-Checkout Can Help Revive the High Street 152\u003c\/p\u003e \u003cp\u003eHow UnionPay Quick Pass is Beating Alipay and WeChat Pay in China 155\u003c\/p\u003e \u003cp\u003eHow Payment Agility and Cash-for-Carbon Can Solve a Global Problem for Mankind 158\u003c\/p\u003e \u003cp\u003eRevolutionizing the Retail Industry Through Integrated Payments Systems 162\u003c\/p\u003e \u003cp\u003eAsset Management and Payments in India – So Near and Yet So Far 164\u003c\/p\u003e \u003cp\u003eExploiting the Value of Data Embedded in Payments Systems 167\u003c\/p\u003e \u003cp\u003eReinventing the Customer Experience by Focusing on the After-Payment Emotional Experience 170\u003c\/p\u003e \u003cp\u003eHow Open Banking and Payment Touchpoints Will Save Banks 172\u003c\/p\u003e \u003cp\u003eWhy Personal Financial Management Will Be Embedded Into the Next Generation of Payments 175\u003c\/p\u003e \u003cp\u003eHow Helping Microbusinesses Accept Digital Payments Could Transform Kenya’s Economy and Enhance Inclusion 178\u003c\/p\u003e \u003cp\u003eHow Decentralization Can Create a Customer-Centric Ecosystem 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Blueprint for Change\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Blueprint for Change 188\u003c\/p\u003e \u003cp\u003eAccelerating the Adoption of PayTech Innovations 192\u003c\/p\u003e \u003cp\u003eHow to Build a Successful PayTech Product 195\u003c\/p\u003e \u003cp\u003eThe Future of Digital Payments Market Infrastructures 198\u003c\/p\u003e \u003cp\u003eIt’s Money, Jim, But Not as We Know It 201\u003c\/p\u003e \u003cp\u003ePayments as Open Business Banking Enabler for the Gig Economy 206\u003c\/p\u003e \u003cp\u003eThe Financial Arms Race: The Game with No Rules 209\u003c\/p\u003e \u003cp\u003eHow Network Paradigms Can Lead to New Payments Innovations 212\u003c\/p\u003e \u003cp\u003eIt’s the Ecosystem, Stupid! Keeping Ahead in a Payments Ecosystem 215\u003c\/p\u003e \u003cp\u003eMobile Money: Creating a Cash-Light Africa to Solve the Financial Inclusion Problem 217\u003c\/p\u003e \u003cp\u003eBack to the Future: A Miraculous Time-Trip Through the Future, Present and Past of Payments 222\u003c\/p\u003e \u003cp\u003eFifteen Ways in Which Our Digital Future Will be Shaped by PayTech 225\u003c\/p\u003e \u003cp\u003eList of Contributors 229\u003c\/p\u003e \u003cp\u003eIndex 236\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eSUSANNE CHISHTI\u003c\/b\u003e is the CEO of FINTECH Circle, Europe's 1st Angel Network focused on fintech investments and Founder of the FINTECH Circle Institute, the leading fintech learning platform offering Innovation Workshops to C-level executives and fintech and entrepreneurship courses. She is also the Co-Editor of the bestsellers \u003ci\u003eThe FinTech Book, The WealthTech Book\u003c\/i\u003e and\u003ci\u003e The InsurTech Book,\u003c\/i\u003e all published by Wiley. Susanne is considered as one of the leading fintech influencers globally and advisor to top management in financial services. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTONY CRADDOCK\u003c\/b\u003e is the Founder and Director General of the Emerging Payments Association, the UK's largest payments trade association. Credited with coining the term 'PayTech,' Tony is a popular commentator, speaker and writer on PayTech and is the architect of The Emerging Payments Academy, the Emerging Payments Awards, the EPA Inclusion Accreditation Service, The Inclusion Foundation and the PAY360 conference. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eROBERT COURTNEIDGE\u003c\/b\u003e is a Payments Lawyer and the CEO of Moorwand, Ltd, an international provider of payment services. He has more than 27 years of experience in cards and payment systems and works closely with The Payments Services Regulator, HM Treasury and the Financial Conduct Authority. Robert speaks and writes extensively on cards payments, financial technology and current legal and regulatory issues. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARKOS ZACHARIADIS\u003c\/b\u003e is Full Professor and Chair in Financial Technology (FinTech) and Information Systems at the Alliance Manchester Business School, University of Manchester, a Council member at the World Economic Forum, and a FinTech Research Fellow at the University of Cambridge. His research has been published in top academic journals and books. A board advisor, mentor and international keynote speaker, Markos has been invited to present his research insights to various international conferences, governments and global organizations. He holds an MSc and PhD from the London School of Economics.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTHE ONLY GLOBALLY CROWDSOURCED BOOK ON THE FUTURE OF DOMESTIC AND INTERNATIONAL PAYMENTS (\"PAYTECH\"), PROVIDING COMPREHENSIVE INSIGHTS INTO THE INDUSTRY AT THE CENTRE OF GLOBAL COMMERCE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eAs payment technologies become faster and more efficient, investors and companies worldwide are increasingly looking to benefit from PayTech innovation, improved customer experience and reduced risks. \u003ci\u003eThe PayTech Book\u003c\/i\u003e provides entrepreneurs, financial services professionals, corporate managers and investors with expert perspectives on how to capitalize on the highly profitable PayTech market. Written by globally recognized leaders in FinTech and payments, this first-of-its-kind volume describes key industry developments and presents invaluable first-hand insights from leading payments industry experts. \u003c\/p\u003e\u003cp\u003eThis informative book defines PayTech and identifies its major players, explains how PayTech can accelerate economic growth, describes what PayTech consolidation and expansion will look like, and much more. A diverse team of contributors, ranging from consultants to the payments and financial services industry to entrepreneurs using leading-edge payment technologies, discuss topics such as wholesale payments, regulation and compliance, cybersecurity, cryptocurrency and blockchain, money transfer technologies and the social and political impact of PayTech. \u003c\/p\u003e\u003cp\u003eThe number of entrepreneurs and investors working on cutting-edge payment and PayTech solutions is increasing rapidly worldwide. \u003ci\u003eThe PayTech Book\u003c\/i\u003e helps FinTech and payment novices and seasoned experts alike keep pace with the latest developments and opportunities in this dynamic, ever-evolving industry.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990307750117,"sku":"NP9781119551911","price":34.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119551911.jpg?v=1761787292","url":"https:\/\/k12savings.com\/es\/products\/the-paytech-book-isbn-9781119551911","provider":"K12savings","version":"1.0","type":"link"}