Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional *PDF

“Payments Systems in the U.S.” is a comprehensive description of the payments systems (cards, checks, ACH, wires, and cash) that move money between and among consumers and enterprises in the U.S. In clear and lively writing, the authors explain how the payments systems work, how they evolved, who uses them, who provides them, who profits from them, and how they are changing. Anyone in the payments industry – or needing to use payments products – can benefit from understanding this. The third edition updates information about each system, adds a chapter on payments innovation, and includes a glossary of industry terminology. Read more

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Why Must Read Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional?

I found this book to provide a high-quality overview of how payments work in the US. If you already work in the payments industry then you're likely already be familiar with a lot of the info. Nonetheless, it is useful to read this well-organized overview to clarify our thinking and fill in gaps in knowledge. If you're new to the industry or just curious about payment system then this is the best introductory book that I'm aware of.

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