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Michael A. Cusumano. Pogor, Iulian Sloan School of Management. Sloan School of Management 2011-09-13T17:56:29Z 2011-09-13T17:56:29Z 2011 2011 http://hdl.handle.net/1721.1/65816 750623510 Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2011. Cataloged from PDF version of thesis. Includes bibliographical references (p. 62-65). Electronic Payment Instruments have seen unprecedented innovation in the past XX-th century. Most of this innovation was made possible by advances in information and communication technology. Advances in ICT paired with financial innovation have brought to life the nowadays so common credit/debit cards, expeditious processing of electronic funds transfers, online and mobile payments. Past innovation in electronic payment instruments built primarily on top of a pre-existent base. Also, it developed along the opportunities opened up by technological innovation. Revolutionary business models like Global Transaction Services would have been very difficult if not impossible to implement without the progress in IT, IT infrastructure and integration. In addition, future innovation will continue to be bounded by regulatory and legislative frameworks in the financial and banking industries. Evolutionary trends in innovation in electronic payment instruments can be affected also by any shifts in the monetary systems predominant at a certain point in time. Future innovation trends will be shaped by the current advances in online and mobile electronic payment instruments in the United States and in other OECD countries. Large markets like China and India are important technological stakeholders as well, picking up and implementing quickly the new technology to address their development needs. by Iulian Pogor. S.M. 70 p. eng Massachusetts Institute of Technology M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 Sloan School of Management. Historical perspective of innovation in electronic payment instruments Thesis application/pdf false Publication unknown unknown <Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="683de14f-aa60-4989-8256-6436100b13ee"> <Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type> <Language>eng</Language> <Title>Historical perspective of innovation in electronic payment instruments</Title> <PublishedIn> <Publication> </Publication> </PublishedIn> <PublicationDate>2011</PublicationDate> <Authors> <Author> <DisplayName>Pogor, Iulian</DisplayName> <Affiliation> <OrgUnit> </OrgUnit> </Affiliation> </Author> </Authors> <Editors> </Editors> <Publishers> <Publisher> <DisplayName>Massachusetts Institute of Technology</DisplayName> <OrgUnit /> </Publisher> </Publishers> <License>http://dspace.mit.edu/handle/1721.1/7582</License> <Keyword>Sloan School of Management.</Keyword> <Abstract>Electronic Payment Instruments have seen unprecedented innovation in the past XX-th century. Most of this innovation was made possible by advances in information and communication technology. Advances in ICT paired with financial innovation have brought to life the nowadays so common credit/debit cards, expeditious processing of electronic funds transfers, online and mobile payments. Past innovation in electronic payment instruments built primarily on top of a pre-existent base. Also, it developed along the opportunities opened up by technological innovation. Revolutionary business models like Global Transaction Services would have been very difficult if not impossible to implement without the progress in IT, IT infrastructure and integration. In addition, future innovation will continue to be bounded by regulatory and legislative frameworks in the financial and banking industries. Evolutionary trends in innovation in electronic payment instruments can be affected also by any shifts in the monetary systems predominant at a certain point in time. Future innovation trends will be shaped by the current advances in online and mobile electronic payment instruments in the United States and in other OECD countries. Large markets like China and India are important technological stakeholders as well, picking up and implementing quickly the new technology to address their development needs.</Abstract> <Access xmlns="http://purl.org/coar/access_right" > </Access> </Publication>