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Author:Jacob, Katy 

Conference Paper
Stored-value cards: challenges and opportunities for reaching emerging markets

In recent years, the financial services industry has become very inventive around new uses of technology to improve the structure and delivery of retail products. One relatively new type of payment product, stored value cards (SVCs), serves as a cash or check alternative. At this point in the industry's development, many of these cards do not provide a platform for saving, saving, building assets, or establishing (or repairing) credit. However, SVCs could pave the way for individuals to have both transactional services and links to broader financial opportunities. This paper discusses the ...
Proceedings , Paper 965

Newsletter
Developing a roadmap to improve the U.S. payment system

On October 22?23, 2012, the Chicago Fed hosted its 12th annual Payments Symposium, where industry leaders convened to evaluate the implications of recent technological changes for the payments industry, including the attendant rise in customer demand for faster, more convenient payment options that are safe and interoperable. Participants proposed a number of ideas that, taken together, could help foster the creation of a roadmap to unify the fragmented payments industry and ultimately improve the payment system.
Chicago Fed Letter , Issue Feb

Newsletter
Improving security for remote payments

Given the growing popularity of e-commerce and m-commerce over the past few years, remote payments have become commonplace. Unfortunately, remote payments fraud has grown in response. On September 26, 2011, the Federal Reserve Bank of Chicago and the Secure Remote Payment Council (SRPc) co-hosted a symposium to discuss strategies that help reduce such forms of fraud.
Chicago Fed Letter , Issue Dec

Newsletter
Evaluating the potential of immediate funds transfer for general-purpose payments in the United States

Immediate funds transfer (IFT) is a convenient, certain, secure, and low-cost means of electronically transferring money between bank accounts with no or minimal delay in receivers? receipt and use of funds. Yet IFT is not widely available in the U.S. This article summarizes discussions on the potential for IFT in the U.S. held at the Symposium on Immediate Funds Transfer for General-Purpose Payments, sponsored by the Federal Reserve Bank of Chicago, on September 7, 2011.
Chicago Fed Letter , Issue Nov

Journal Article
Clarifying Liability for Twenty-First-Century Payment Fraud

This article examines the governance structure of retail payments in the United States, provides an overview of payment fraud, and discusses in depth the liability frameworks for fraud involving specific payment methods. It also presents a series of recommendations that describe how the public sector might work together with the private sector to reduce fraud risks by clarifying liability for fraud.
Economic Perspectives , Issue Q IV

Newsletter
Two cheers for the Monetary Control Act

This article explains how the Monetary Control Act (MCA) of 1980 paved the way for the transition away from paper to electronic check clearing and processing, ultimately leading to the successful implementation of the Check Clearing for the 21st Century Act (Check 21) in 2003.
Chicago Fed Letter , Issue Jun

Newsletter
Assessing the landscape of payments fraud

The Federal Reserve Bank of Chicago will host its eighth payments conference on June 5?6, 2008. The conference will highlight threats to the security of the payments system and explore solutions to those challenges. This article previews issues that will be covered at the conference.
Chicago Fed Letter , Issue Jul

Newsletter
Competitive forces shaping the payments environment: what's next?—a conference summary

Technological innovations have enabled numerous payment methods to proliferate in the market. As a result, payment providers have to address concerns about pricing, infrastructure, and regulatory standards. To discuss these and related issues, the Chicago Fed hosted its seventh payments conference on May 10?11, 2007.
Chicago Fed Letter , Issue Aug

Journal Article
Payments fraud: perception versus reality - a conference summary

The authors highlight key issues from the presentations, keynote addresses, and open floor discussions at the Federal Reserve Bank of Chicago's eighth annual Payments Conference. The conference's agenda appears at the end of this article.
Economic Perspectives , Volume 33 , Issue Q I , Pages 7-13

Journal Article
A focus group study of Latin American immigrants' financial behaviors

The subject of U.S. immigration ? particularly more recent immigration trends ? has generated many contentious debates around crime, impacts of worker skill levels on economic growth patterns, and on relative wage rates, among other areas. Further, analysis and focused studies of immigrant populations reveal varied and disjointed economic behaviors.
Profitwise , Issue Dec , Pages 1-7

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