[Solved] IT A4

Assignment Prompt & Instructions

**files (1)**

– ## Assignment4-template.docx

**## Assignment4-template.docx**

**Assignment 4**

**Assignment Instructions**

For this assignment and any others that require research you must answer in your own words and
[cite your references correctly](file:///content/enforced2/1786976-CO.430.IT4823.51942.20201/Required%2520Reading/An%2520Example%2520of%2520Proper%2520Writing.html). A cut-and-paste answer will earn a zero for the entire assignment and may earn a course grade of F for plagiarism. For each question, a comprehensive answer is required with 60 – 150 words.

**Part 1: Answer the following questions based on the references provided or any others you preferred:**

1. What are the major trends—mobile apps, digital wallets, open banking, and enhanced methods of bank transfers & authentication—in payment systems today?

2. What lessons can be drawn from non-blockchain payment innovations, such as Alipay, WeChat Pay, M-Pesa, India’s IMPS, and U.S. mobile payment apps?

3. What are the challenges and opportunities in the current cross-border payment system architecture?

‘
[The Federal Reserve Payments Study: 2017 Annual Supplement](https://www.federalreserve.gov/paymentsystems/2017-December-The-Federal-Reserve-Payments-Study.htm)’ Federal Reserve

[‘Global Payments Report](https://worldpay.globalpaymentsreport.com/)’ Worldpay (November 2017)

‘
[The Best Mobile Payment Apps of 2018](https://www.pcmag.com/roundup/358553/the-best-mobile-payment-apps)’ PC World (April 2, 2018)

‘
[Why China’s Payment Apps Give U.S. Bankers Nightmares](https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/)’ Bloomberg (May 23, 2018)

[‘M-PESA: how Kenya revolutionized mobile payments](https://mag.n26.com/m-pesa-how-kenya-revolutionized-mobile-payments-56786bc09ef?gi=9cd6bc9ba441)’ N26 Magazine (April 9, 2018)

‘
[Cross-border retail payments](https://www.bis.org/cpmi/publ/d173.pdf)’ (PDF – 1.2MB) Bank of International Settlements Committee on Payments and Market Infrastructures (February 2018) (Required: page 6 –15, sections 2 -2.3.5 & Box B;and page 39, Annex 3)

**## Assignment4-template.docx**

**Assignment 4**

**Assignment Instructions**

For this assignment and any others that require research you must answer in your own words and
[cite your references correctly](file:///content/enforced2/1786976-CO.430.IT4823.51942.20201/Required%2520Reading/An%2520Example%2520of%2520Proper%2520Writing.html). A cut-and-paste answer will earn a zero for the entire assignment and may earn a course grade of F for plagiarism. For each question, a comprehensive answer is required with 60 – 150 words.

**Part 1: Answer the following questions based on the references provided or any others you preferred:**

1. What are the major trends—mobile apps, digital wallets, open banking, and enhanced methods of bank transfers & authentication—in payment systems today?

2. What lessons can be drawn from non-blockchain payment innovations, such as Alipay, WeChat Pay, M-Pesa, India’s IMPS, and U.S. mobile payment apps?

3. What are the challenges and opportunities in the current cross-border payment system architecture?

‘
[The Federal Reserve Payments Study: 2017 Annual Supplement](https://www.federalreserve.gov/paymentsystems/2017-December-The-Federal-Reserve-Payments-Study.htm)’ Federal Reserve

[‘Global Payments Report](https://worldpay.globalpaymentsreport.com/)’ Worldpay (November 2017)

‘
[The Best Mobile Payment Apps of 2018](https://www.pcmag.com/roundup/358553/the-best-mobile-payment-apps)’ PC World (April 2, 2018)

‘
[Why China’s Payment Apps Give U.S. Bankers Nightmares](https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/)’ Bloomberg (May 23, 2018)

[‘M-PESA: how Kenya revolutionized mobile payments](https://mag.n26.com/m-pesa-how-kenya-revolutionized-mobile-payments-56786bc09ef?gi=9cd6bc9ba441)’ N26 Magazine (April 9, 2018)

‘
[Cross-border retail payments](https://www.bis.org/cpmi/publ/d173.pdf)’ (PDF – 1.2MB) Bank of International Settlements Committee on Payments and Market Infrastructures (February 2018) (Required: page 6 –15, sections 2 -2.3.5 & Box B;and page 39, Annex 3)