In a report entitled "Near Real-time Retail Payment and Settlement Mechanism Design", SMU School of Information Systems Associate Dean (Faculty) and Professor of Information Systems Robert J. Kauffman, SMU Associate Professors of Information Systems Guo Zhiling and Dan Ma, and SMU Assistant Professor of Information System Lin Mei, examined the development of a ‘hybrid priority queuing mechanism’ for faster payment settlement systems.

The SMU research team proposed a mechanism that supports centralised queuing, permits payment prioritisation, reduces payment delays, enhances liquidity, and optimises the settlement process, including a modelling framework and experimental simulations to evaluate the proposed approach.

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