For instance, they need to be prepared for unexpected expenses and to rebuild the retirement nest eggs that were depleted by losses in equity and housing wealth during the recession. In fact, the portion of disposable income that households are saving has risen considerably since the recession began.
Ladies and gentlemen, when we refer to payment systems, we are looking at instruments, organisations, operating procedures, and information and communication systems used to initiate and transmit payment information from payer to payee to settle payments - that is, transfers of money.