Call for Papers - The Importance of Data for the Payments Industry

Call for Papers 

Special Issue of Journal of Payments Strategy & Systems:

The Importance of Data for the Payments Industry

Gerard Hartsink, Editor, Journal of Payments Strategy & Systems

Submission deadline: 20th February 2024

Introduction
Market participants of the payments industry need to allocate more and more resources to ensure they collect high quality data about the payments that their customers make or receive. These legal duties require cooperation of several functions of payment service providers (customer on boarding, payments operations, compliance officers, technology services). Customers also require more and more precise data for the payments they make for goods and services or the payments they receive to be able to reconcile their payments and, if possible, to do this automatically. This requires higher quality and more standardized data for any payment message.

Call for Papers
This special issue of Journal of Payments Strategy & Systems (JPSS) on The importance of data for the payments industry plans to deliver thought-provoking contributions and in-depth advice for all market participants in the payments industry. The papers in this special issue are also intended to promote the exchange of ideas in the subject areas covered by JPSS.

Submissions covering any of the following topics for this special issue will be considered, but additional suggestions for papers are also welcomed

Market developments and payment strategies

  • Which data (identifiers) of subjects (businesses and natural persons) are mission critical for the future of the digitalized payments industry?
  • What choices do banks need to make to optimise the data collected during their customer on-boarding processes and how should they best maintain the quality of data?
  • How could the FSB Roadmap for Enhancing cross-border payments Building Block 6 impact cross-border payments on a national and regional data framework?
  • Do Mobile Money Operators have more structured payment data compared to the banking industry?
  • How are banks able to leverage the data of their customers in payment messages for the benefit of their customers?
  • Are decentralised identifiers of customers (SSI) a realistic option for the payments industry?

Trends in payments methods, products and services

  • How could card schemes - with the support of the ISO 8583 message standard - improve their services using their members’ data?
  • How could payment schemes - with the support of the ISO 20022 message standard - improve their services using their scheme participants’ data?
  • How could identity service providers give more support for the on-boarding of customers?
  • Should scheme managers of rulebooks (credit transfers, direct debits, cards and CBDC) make the global ISO data standards for legal entities and natural persons mandatory for their scheme?

Corporate payments and treasury management

  • Could banks do more with respect to the identification (with global ISO data standards) of their customers and suppliers to ensure more efficient payments?
  • What is the future of high quality data for invoicing and payment processes (such as reconciliation)?
  • Which data requirement should be included in any domestic or cross-border payments transaction?
  • What could business registers do to support the payments industry better?

Payments operations

  • Which cooperation models (utilities) of banks are possible and effective to reduce the operational cost for on-boarding customers?
  • How could the Confirmation of Payee standards contribute to more efficient payments with less operational risks?

Payment risk management

  • Which data standards for customers should the payments industry support in the future to mitigate non-compliance risks?
  • How could standards for identification of the payee (such as LEI or NPI) reduce the operational risks for the banks involved?

Social impact of payments

  • Which payments data are mission critical for efficient workers’ remittances?
  • How can consumers benefit from better payments data through an improvement to consumer protection?

Submission Guidelines:
The deadline for the submission of articles to this special issue is 20th February 2024. 

The following types of papers will be considered for publication:

Practice articles: Thought leadership pieces, regulatory updates, briefings, and other contributions on data for the payments industry written by practitioners. Articles should be 2,000 to 5,000 words in length.

Research papers: Contributions which explore new models, theories and research on payments data developments. The principal management implications of the submission should be included. Articles should be a maximum 6,000 words in length. 

Author guidelines, sample articles and other relevant information about the journal can be found here.

The special issue aims to provide comprehensive coverage of the value of data for the payments industry. Authors are advised to send in proposals for papers as soon as possible. Questions and proposals for papers should be directed to the Editor, Gerard Hartsink, at gerard.hartsink@identifierstandards.org and Julie Kerry, the Publisher, at julie@hspublications.co.uk

 

About the Journal
Journal of Payments Strategy & Systems publishes peer-reviewed articles and case studies analysing best practice, regulation, emerging issues and new thinking for the payments industry. It examines major issues facing the corporate, wholesale and retail payments industry from a business, risk and operational perspective. As a peer-reviewed professional publication, the Journal is read by senior payments executives based at banks, credit card issuers, regulators, other financial institutions, service providers, vendors, consultants and treasurers. Typically readers are departmental heads, VPs, SVPs, EVPs, Directors and Senior Managers in payments, product management, payments operations, transaction banking and cash management.