Published by: http://www.bis.org

Developing a national payment system is an ongoing process. In all countries, there is always some element of the system in the process of reform or modification. In recent years, there has been a rapid acceleration in fundamental reforms in national payment systems worldwide. However, the successful implementation of similar reforms in different countries has been uneven. Planned outcomes have not always been achieved in terms of expected use, benefits or costs of payment system reform projects and many planned reforms have been unexpectedly slow to complete. This document sets out the findings of the CPSS, listing 14 guidelines which can be used as a consultative framework in the development of national payment systems.