Discussion Paper

Account-to-account electronic money transfers: recent developments in the United States


Abstract: This paper reviews recent developments in online and mobile banking in the United States that provide bank account holders with low-cost interfaces to manage account-to-account electronic money transfers. The paper analyzes the emerging decentralized market in which A2A money transfers are becoming available in the United States and compares it with the A2A market in other countries. The paper constructs analytical examples to explain and evaluate the structure of the emerging U.S. market and discusses possible policy actions that may enhance the use of A2A money transfers in the United States.

Keywords: Electronic funds transfers; Internet banking;

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File(s): File format is application/pdf http://www.bostonfed.org/economic/ppdp/2011/ppdp1110.pdf

Authors

    Shy, Oz

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Public Policy Discussion Paper

Publication Date: 2011

Number: 11-10