Continuous Cash Flow Payment: Theories and Practice Framework

被引:1
|
作者
Zhang, Xia [1 ]
Wu, Cong [2 ]
机构
[1] Chinese Acad Agr Sci, Agr Informat Inst, Beijing, Peoples R China
[2] Renmin Univ China, Natl Acad Dev & Strategy, Beijing, Peoples R China
关键词
continuous cash flow; discrete cash flow; FinTech; payment; settlement;
D O I
10.1080/1540496X.2016.1241706
中图分类号
F [经济];
学科分类号
02 ;
摘要
Continuous cash flow payment is the key element to complete the payment framework. While discrete cash flow payment matches the event of exchange of goods, continuous cash flow payment can closely match the process of exchange of services. We discovered that by embedding continuous cash flow models into a settlement system, continuous cash flow payment is doable under recent FinTech environment. This article constructs this novel continuous cash flow payment framework and theorizes payment practices into a unified framework.
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页码:774 / 782
页数:9
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