Costs and benefits of building faster payment systems: the U.K. experience and implications for the United States
Abstract: This paper studies the economic cost-benefit analysis behind the decision by the United Kingdom on how to implement its Faster Payments Service (FPS), which allows consumers and businesses to rapidly transfer money between bank accounts, and draws implications for the U.S. payments system.
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Description: Full text
Provider: Federal Reserve Bank of Boston
Part of Series: Current Policy Perspectives
Publication Date: 2014-10-10
Pages: 47 pages