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From Walking Bankers to Blockchain Technology The History of Payment Systems

Kriskó, Andrea and Tatay, Tibor (2018) From Walking Bankers to Blockchain Technology The History of Payment Systems. REGIONAL AND BUSINESS STUDIES, 10 (2). pp. 11-17. ISSN 2061-2311

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Abstract

The technique and technology of payment settlement systems has completed an enormous journey from the 18thcentury to modern times. Nowadays, we have gone from bilateral settlements to global payment systems. Numerous payment options are available to us, from paper based settlements to mobile wallets. In my study, I am primarily tracking the development of thetechnology on the basis of the payment systems of the USA, introducing the primary open and closed loop systems, as well as the changing customer needs which have brought the bank card and Bitcoin to life.

Item Type: Article
Uncontrolled Keywords: Bitcoin; payment systems; bank card; smartphone wallet;
Subjects: H Social Sciences / társadalomtudományok > HG Finance / pénzügy > HG1 Banking / bankügy
SWORD Depositor: MTMT SWORD
Depositing User: MTMT SWORD
Date Deposited: 10 Feb 2020 15:54
Last Modified: 10 Feb 2020 15:54
URI: http://real.mtak.hu/id/eprint/106291

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