Conference Paper

The changing retail payments landscape: what role for central banks? : a conference sponsored by the Federal Reserve Bank of Kansas City

Abstract: Retail payments systems around the world have entered a period of dramatic change. This conference explored the changing retail payments landscape and assessed the extent to which central bank payments policies should correspondingly be altered. The conference brought together three principal audiences ? industry participants, policy makers, and academics ? for an exchange of views and thoughts. Questions addressed included: How do payments markets differ from other markets? How do consumer preferences impact industry outcomes? Are payments markets sufficiently competitive and safe? If not, what private and public policies would be beneficial? Should central bank policies to ensure smoothly-functioning payments systems be adapted in light of the dynamic changes underway? More specifically, what role should central banks play as operators and overseers in the retail payments system of the future.

Keywords: Payment systems;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Proceedings – Payments System Research Conferences

Publication Date: 2009