Discussion Paper

Pay-by-Bank and the Merchant Payments Use Case: Benefits, risks and potential impacts on consumer payment behaviors in the U.S.


Abstract: The consumer payments landscape is rapidly evolving. In the United States, the growth of instant payments and innovations such as open banking are among the many developments shaping today's consumer payment behaviors.

https://doi.org/10.17016/2380-7172.3834

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-07-07

Number: 2025-07-07-2