1Committee on Payment and Settlement Systems of Bank for International Settlements: Report of Working Group 2012, Innovations in Retail Payments, p.1.
2Richard J. Sullivan. The Supervisory Frame- work Surrounding Nonbank Participation in the U.S. Retail Payments System: An Overview, SS- RN Working Paper, April 2006, pp. 16.
3London Economics. Study on the Impact of Directive 2007/64/EC on Payment Services in the Internal Market, Available on the Official Website of European Commission, February 2013, p. 10.
4Eniola Akindemowo. Recalibrating Abstract Payments Regulatory Policy: A Retrospective after the Dodd-Frank Act, Kansas Journal of Law & Public Policy, August 2009, pp.86-119.
5Federal Banking Agencies. Interagency Interpretive Guidance on Providing Banking Services to Money Services Businesses Operating in the United States, Available on the Official Website of FDIC, April 2005, p.3.
