ISTH's Work Toward a Single Payment Standard Shows Promise

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ID Number: G00137963

This research is provided for historical perspective;
portions of this document may not reflect current conditions.

20 March 2006

Douglas McKibben

Progress is being made toward development of a common payment solution. However, significant challenges must be surmounted. We discuss these challenges and offer recommendations on how to meet them.

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Table of Contents

Analysis

1.0

Overview

2.0

ISTH's Goals

2.1		Representation and Sponsorship
2.2		Formalization and Funding
2.3		Growing Kernel Acceptance
2.4		Use of Kernel Slowly Beginning to Take Off
2.5		Criticality and Scope
2.6		Payment Initiation Messages
2.7		Payment Initiation Status Message

3.0

Challenges

4.0

Bottom Line

5.0

Recommendations

Payments
Banking Systems

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Resource Id: 490583