Category: Payments
Payment rails, settlement, clearing, and the infrastructure moving money between banks
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The Architecture of Financial Settlement: A Comprehensive Analysis of Payment Operations, Risk, and Modernization
Payment settlement is where the plumbing of the financial system actually lives. This post walks a transaction from its real-time authorization through to its batched, net settlement, and then through the back-office work — reconciliation, exception handling, treasury support — that has to happen for any of it to hold together. A central theme is… Read more
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The Durbin Amendment: A Case Study in Regulatory Impact and Unintended Consequences
A practical analysis of the Durbin Amendment — its goals, its real effects on debit interchange, and its unintended consequences for banks and retailers. Read more