PROSPECTS FOR CHANGES IN THE ORGANIZATION OF BANKS IN THE LIGHT OF THE CONCEPT OF PAYMENT SERVICES HUB
Keywords:
payment services, banks' organizationAbstract
Contemporary banks face a number of challenges arising from development of financial markets, globalization and technological and communication revolution. These challenges comprise significant and multifaceted changes in the market for payment services, which affect the functioning of commercial banks, including indirectly their organization.
The aim of this study is to assess the potential impact of the idea of payment services hub on changes in the organization of the banking business. To achieve this objective, the different forms of centralization and integration of the infrastructure and processes in the area of payment services were presented. Next, the reference to the consequences of the concept of payment services hub for the organization of banks was made. The hypothesis of this article is as follows: full centralization of intra-bank systems, processes and activities related to the execution of payment services, will lead to the organisational division of business of some banks to the deposit-credit institution and the payment institution.
The findings formulated in the article point to the need to consider in the banks’ strategies their role in a national, European and global payments market. They also show the need for a review of the organization of the banks’ operation, taking into consideration the concept of full centralization of payment services and integration of internal processes associated with their implementation. These changes may result in full separation of business as service providers from the organizational structure of banks, especially under European regulations.
Downloads
References
Bareisis, Z., 2011, Defining a Payment Services Hub, Journal of Internet Banking and Commerce, April, vol. 16, no. 1.
Google Scholar
Bradford, T., Davies, M., Weiner, S., 2003, Nonbanks in the Payments System, Federal Reserve Bank of Kansas City.
Google Scholar
Bradford, T., Hayashi, F., Hung, C., Rosati, S., Sullivan, R.J., Wang, Z., Weiner, S.E., 2009, Nonbanks and Risk in Retail Payments: EU and U.S., w: Johnson, E.M. (ed.), Managing Information Risk and the Economics of Security, Springer Publishing.
Google Scholar
Capgemini, 2010, World Payments Report.
Google Scholar
Ellis, M., Babcock, C., 2006, Payment Hubs: A Next Generation in Payment Infrastructure, Financial Services Technology, iss. 2, http://www.usfst.com/article/Payment-Hubs-A-Next-Generation-in-Payment-Infrastructure [dostęp: 15.10.2013].
Google Scholar
European Central Bank, 2000, EU Banks’ Income Structure, April.
Google Scholar
European Commission, 2009, Report on the Retail Banking Sector Inquiry, January 2007.
Google Scholar
Govind, A., D’Souza, S., 2012, Trade and Cash Convergence: The Integrated Transaction Banking Platform, Cognizant, March, http://www.cognizant.com/InsightsWhitepapers/Trade-and-Cash-Convergence-The-Integrated-Transaction-Banking-Platform.pdf [dostęp: 15.06.2013].
Google Scholar
Harasim, J., 2011, Wpływ przeobrażeń rynkowych na banki oraz innych dostawców usług płatniczych, w: Harasim, J., Frączek, B., Szustak, G., Klimontowicz, M., 2011, Europejski rynek płatności detalicznych, CeDeWu, s. 113-126.
Google Scholar
Iwańczuk, A., 2011, Wyzwania dla banków jako pośredników na rynku usług płatniczych, w: Gospodarowicz, A. (red.), Finanse - nowe wyzwania teorii i praktyki. Bankowość, Uniwersytet Ekonomiczny we Wrocławiu.
Google Scholar
Janc, A., 2004, Bank i jego miejsce w pośrednictwie finansowym okresu transformacji, Twigger, Warszawa.
Google Scholar
Kawalec, M., 2012, Centralizacja obsługi płatności – metoda na zwiększenie płynności finansowej banku i pozyskanie nowych klientów, Miesięcznik Finansowy Bank, listopad, s. 66-67.
Google Scholar
Lavayssière, B., 2009, Profit Earner or Cost Driver? A Combined View of Retail Banking and Payments, ECB, Capgemini, The Nederlandsche Bank, Frankfurt.
Google Scholar
Leinonen, H., 2000, Re-engineering Payment Systems for the E-world, Bank of Finland, Discussion Paper, no. 17.
Google Scholar
Leinonen, H., 2008, Payment Habits and Trends in the Changing E-landscape 2010+, Bank of Finland.
Google Scholar
Nonbanks in the Payments System: European and U.S. Perspectives, 2007, European Central Bank Division, Federal Reserve Bank of Kansas City, Working Paper, no. 1.
Google Scholar
Radecki, L.J., 1999, Banks’ Payments-Driven Revenues, Federal Reserve Bank of New York.
Google Scholar
Solarz, J.K., 2010, Metodologiczne aspekty projekcji rozwoju sektora bankowego w Polsce do roku 2030, w: Szambelańczyk, J. (red.), Polski sektor bankowy w perspektywie roku 2030, SGH, Warszawa.
Google Scholar
Sullivan, R.J., Wang, Z., 2007, Nonbanks in the Payments System: Innovation, Competition, and Risk - A Conference Summary, Federal Reserve Bank of Kansas City, Economic Review, Third Quarter.
Google Scholar
Yurcan, B., 2011, Payment Hubs. Better Late Than Never, Bank Systems and Technology, November.
Google Scholar
