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Payment Systems Worldwide - A Snapshot : Outcomes of the Global Payment Systems Survey 2010Global survey outcomes presented in this
 publication are divided into two main sections: Chapters I
 through VIII analyze the survey results and identify trends
 using various variable for cross-country comparisons. In
 addition to worldwide totals, three broad country
 characteristics exogenous to payment system development are
 used as a basis for comparisons: i) level of per capita
 income; ii) geographical location; iii) population size.
 Details of the methodology used for the analysis are covered
 in the Methodological Note. The Appendix contains the full
 set of countryby- country answers to each of the questions
 included in the questionnaire.
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Financial Sector Assessment Program : Saudi Arabia - CPSS Core Principles for Systematically Important Payment SystemsThe present document is the assessment
 of the systemically important payment systems in the Kingdom
 of Saudi Arabia (KSA) based on the CPSS Core Principles for
 Systemically Important Payment Systems (CPSIPS). The
 document also contains an analysis of some developmental
 issues related to the reform of the payments system as a
 whole. The assessment was conducted in the context of the
 field mission of the Financial Sector Assessment Program
 (FSAP) Update to the KSA (April 2011). The assessor of the
 CPSIPS was Massimo Cirasino. The national payments system
 (NPS) in Saudi Arabia efficiently serves the needs of a
 broad set of users. In particular, SAMA has implemented a
 comprehensive and robust infrastructure to support the
 provision of payment services and products by commercial
 banks. The infrastructure is primarily concentrated on
 payments in riyals and comprises the following systems: (i)
 the Saudi Arabian Riyal Interbank Express (SARIE) real time
 gross settlement (RTGS) system, which processes a wide range
 of large-value and small-value payments and provides
 settlement facilities for a number of clearing systems, as
 well as for transactions executed at the Tadawul stock
 exchange; (ii) the check clearing houses operated at SAMA
 branches; (iii) automated teller machine (ATM) and
 point-of-sale services provided through Saudi payments
 network; (iv) electronic bill presentment and payment
 processed by the national electronic bill presentment and
 payment service; (v) the Public Key Infrastructure (PKI)
 which provides advanced security facilities; and (vi) the
 SAMA Joint Network (SJN) providing a highly secured
 communications network. The NPS in Saudi Arabia is
 characterized by a high level of standardization.
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Caribbean Remittance Forum on Enhancing the Efficiency and Integrity of Remittance Transfers through Effective Regulatory and Supervisory Systems in the CaribbeanThis regional forum aims at sharing knowledge and generating policy dialogue among relevant remittance stakeholders to enhance the efficiency and integrity of the migration and remittance transfer process, through effective regulatory and supervisory systems in the Caribbean region. It allows multiple countries to share their experiences, identify common challenges, learn from each others' experiences and discuss potential solutions to these challenges. The forum will also provide opportunities for networking. The past discussions on remittances and migration in the Caribbean focused largely on issues related to the Caribbean Diaspora, such as the brain-drain syndrome, the macroeconomic impact of remittances, the use of remittances for investment purposes, overall remittance patterns and trends, and remittance data collection and monitoring issues. In recent years, however, the regulatory framework for Remittance Service Providers (RSPs) has been introduced or substantially enhanced in many countries, triggered by the need to address money laundering and terrorist financing concerns. This forum focuses the discussion on regulatory practices within and outside the Caribbean region with a view to share best practices and lessons learned.