Notes on the contributors

Jürgen BottJürgen Bott

Professor at the University of Applied Sciences in Kaiserslautern. As visiting professor and guest lecturer he keeps relations to foreign Universities and Business Schools. He studied business administration at the University of Würzburg and Statistics and Operations Research at the Cornell University. He received his doctorate degree from the University of Frankfurt. Before his academic carrier he gained working experience with J. P. Morgan, the Deutsche Bundesbank and McKinsey. He is academic advisor to the European Commission and member of supervisory boards. He consults banks, their customers and international organisation e.g. the International Monetary Fund (IMF).


Udo MilkauUdo Milkau

Head of Strategy and Market Development for transaction banking at DZ BANK, Germany. After his academic education in physics, he worked as a research scientist in large collaborations at major European research centres, including CERN, CEA de Saclay and GSI. He received his PhD at Goethe University, Frankfurt. Thereafter, he held management positions in the automotive industry and consulting firms before joining DZ BANK. He was also a part-time lecturer at Goethe University Frankfurt. Udo Milkau is member of the Payments Services Working Group of the European Association of Co-operative Banks in Brussels and member of the Operations Manager Contact Group (OMCG) of the European central bank (ECB).


Janina HarasimJanina Harasim

Professor at the Faculty of Banking and Financial Markets and Vice-Rector for Science, Research and Academic Staff Development at the University of Economics in Katowice. She gives lectures on bank competition strategies, payment systems and retail payment market. She is the member of Polish Academy of Science. Her recent research focus on issues related to retail banking, alternative financial services and the transformation of the retail payments market. She is the author and co-author of more than 120 publications on these and other subjects, including 8 books, many research papers and business articles. She keeps close contact with the financial industry as a member of supervisory boards and The Coalition for Non-Cash Payments and Micropayments established by The Association of Polish Banks.


Leo Van HoveLeo Van Hove

Professor of Economics at the Vrije Universiteit Brussel (Free University of Brussels), where he teaches courses in monetary economics and the economics of information. His current research interests include payment instruments, network effects, e-commerce, and access to finance. He has published extensively on these and other subjects in international journals as diverse as Journal of Money, Credit, and Banking; International Journal of Electronic Commerce; Economic Modelling; The Service Industries Journal; Energy Economics; European Journal of Operational Research, and Journal of Media Economics. He is invited regularly as a guest speaker by central banks and payment providers.


Franz SeitzFranz Seitz

Professor of Economics, especially Monetary Policy and Financial Markets at Weiden Technical University of Applied Sciences, Germany ( He is born in 1961 and holds a Ph.D from Regensburg University, Germany. Before his professorship he worked in the Economics Department of the Deutsche Bundesbank. Prof. Seitz has published numerous articles in national and international journals, inter alia on payment systems and cash topics. For many years he has been a consultant to the European Central Bank and the Deutsche Bundesbank.


Nikolaus BartzschNikolaus Bartzsch

Senior expert in the Cash Department of the Deutsche Bundesbank. His responsibilities include forecasting, modelling and decomposition of cash demand and analysing the cash cycle in German. He has published several articles on these issues. After his academic education in economics at the University of Bonn he took part in a trainee programme at the Hamburgische Landesbank. In 2000 he switched to the Economics Department of the Deutsche Bundesbank where he worked in the money market liquidity section and in the financial accounts section. Since 2009 Nikolaus Bartzsch has been working in the Cash Department.


Nicole JonkerNicole Jonker

Senior economist at the Nederlandsche Bank (Dutch central bank), Retail Payment Systems Policy department. She has been involved in various empirical studies in retail payments. She published in several academic journals, such as Applied Economics, De Economist, Journal of Banking and Finance, Journal of Economic Perspectives, Journal of Economic Behavior and Organization, Journal of Financial Market Infrastructures, Kyklos and Review of Network Economics. She is also involved in policy work related to retail
payment system, including payment cards and interchange fees. Nicole Jonker holds a PhD in Economics from the University of Amsterdam.


Jakub GórkaJakub Górka

Ph.D. in economics, fascinated with money, holds the position of an assistant professor at the University of Warsaw, Faculty of Management. Currently a member of the Payment Systems Market Expert Group (PSMEG) helping the European Commission to prepare legislative acts or policy initiatives on payment issues. Author of two books on payments and money, numerous research papers, reports and business articles. In the past, he prepared expert opinions for the National Bank of Poland, the Polish Ministry of Finance, private non-profit and commercial companies engaged in the payments business. He has been distinguished with several awards, including the award of the Polish Prime Minister.


Malte KrügerMalte Krueger

Professor of Economics at the University of Applied Sciences in Aschaffenburg (Germany) and works as a consultant for PaySys Consultancy (Frankfurt). He holds a Ph.D. in economics from the University of Cologne (Germany) and has worked as a research fellow for the Bank of Spain, the University of Western Ontario, the University of Durham, the University of Karlsruhe, the University of Applied Sciences in Frankfurt and the European Commission. Malte Krüger has published widely on payment issues in academic and industry journals.


Harry LeinonenHarry Leinonen

Financial Counsellor in the Financial Markets Department at the Finish Ministry of Finance, especially on issues in the area of payment and settlement systems. He has over the years participated in several domestic and international authorities’ committees and working groups on payments and securities settlement issues especially within the European Central Bank and Commission. Previously he was attached to the Bank of Finland for 15 years mainly as the advisor to the board on payment and settlement system issues. Before that he worked in the Finnish banking industry for about 20 years and especially in managerial positions connected to payment system activities. He has published several articles and books on payment system issues.