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The U.S. Payment System: Efficiency, Risk and the Role of the Federal Reserve

The U.S. Payment System: Efficiency, Risk and the Role of the Federal Reserve
Author: David B. Humphrey
Publisher: Springer Science & Business Media
Total Pages: 328
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9400925107

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The U.S. payment system is in the midst of a significant transition. Some of the changes to our payment system, involving its efficiency, the risks inherent in the payment process, and the role of the private and public sectors in the payment mechanism, are the subject of considerable debate and controversy. In recent years, the Federal Reserve Bank of Richmond has played an active part in the development and implementation of policies to improve the payment process. The Bank's operations staff has represented the Federal Reserve System in work with the banking industry to help shape and implement programs to increase efficiency and reduce payment risk. Further, our Research Department has made payment system research an important part of its agenda. The mix of practical experience and research has resulted in a unique perspective on payment system issues that led us to organize a symposium on the U.S. payment system, held on May 25-26, 1988, in Williamsburg, Virginia. Reflecting our belief in the importance of combining both practical experience and theory in addressing payment issues, we invited practi tioners, scholars, and policymakers to share their ideas. The symposium provided an opportunity for those researchers who are studying p- xi PREFACE xii ment issues to present their ideas and to have these ideas evaluated by experienced practitioners.


Emerging Electronic Methods for Making Retail Payments

Emerging Electronic Methods for Making Retail Payments
Author: Judith S. Ruud
Publisher: DIANE Publishing
Total Pages: 67
Release: 1996-08
Genre:
ISBN: 0788133659

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The emergence of new electronic payment methods is raising federal concern about the effects they may have on the federal budget and monetary policy. This study suggests that the market for these payment methods is likely to emerge slowly, allowing time for gradual adjustment. It fully explains all of the new payment methods and their usefulness. Contents: stored-value cards, on-line payment systems (electronic checking accounts, on-line scrip, home banking systems), and policy issues (regulation, &legal). Glossary. Charts and graphs.


Money, Economics, and Finance

Money, Economics, and Finance
Author: Clifford Dobrowski
Publisher: Nova Science Pub Incorporated
Total Pages: 138
Release: 2014-01-01
Genre: Business & Economics
ISBN: 9781633215054

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In this third book of the series "Money, Economics, and Finance: Developments, Analyses, and Research", topics discussed include bitcoin; current debates over exchange rates; recent trends in consumer retail payment services delivered by depository institutions; financial condition of depository banks; government assistance for AIG; and investment advisers.


The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions
Author: Board of Governors of the Federal Reserve System
Publisher:
Total Pages: 0
Release: 2002
Genre: Banks and Banking
ISBN: 9780894991967

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Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


The Future of Money

The Future of Money
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy
Publisher:
Total Pages: 946
Release: 1995
Genre: Electronic data interchange
ISBN:

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Retailing of Financial Services

Retailing of Financial Services
Author: Peter J. McGoldrick
Publisher: McGraw-Hill Book Company Limited
Total Pages: 299
Release: 1994-01-01
Genre: Business & Economics
ISBN: 9780077076139

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This work examines how to market financial services. The first part explores the development of a retail strategy based on the financial and consumer environment. It surveys the environmental factors which have created a need for retailing concepts and the ways in which financial institutions employ retail strategies to focus on cost control (for example branch rationalization); delivery systems (such as recent innovations in telephone and postal banking); and competitive customer service.


Federal Register

Federal Register
Author:
Publisher:
Total Pages: 244
Release: 2013-09
Genre: Delegated legislation
ISBN:

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The Promise of Fintech

The Promise of Fintech
Author: Ms.Ratna Sahay
Publisher: International Monetary Fund
Total Pages: 83
Release: 2020-07-01
Genre: Business & Economics
ISBN: 1513512242

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Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.