Payment Systems Evolution: How Does Money Move from a Buyer to Seller?

Abstract: With the click of a button or swipe of a card, money can flow into and out of bank accounts without hesitation. This Page One Economics article examines what it takes for that money to move quickly and reliably to and from accounts, and how a new service developed by the Federal Reserve can contribute to US payment systems.

Keywords: payment systems;

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File(s): File format is application/pdf
Description: Printable reading guide edition with sample responses


Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2024-01

Pages: 6 pages