Did You Read Payments Systems in the U.S.?

Did You Read It? takes on Payments Systems in the U.S. by Benson and Loftesness, a 2013 guide to how money moves: wires are under 1% of transactions but 93% of the dollars, PayPal used a 2001 bill-pay code to pull money for pennies instead of $2.50 by card, and every new way to pay rides the old rails.

Payments Systems in the U.S., a 2013 guide by two payments consultants, Benson and Loftesness, explains that every way Americans pay rides on six core systems: wires are under 1% of transactions but 93% of the dollars, and the book's best case is PayPal using a 2001 ACH bill-pay code to pull money for pennies instead of $2.50 by card on a $100 sale.

On the book: Payments Systems in the U.S. by Carol Coye Benson and Scott Loftesness

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