Fees, fraud and regulation: force of change in the payment card industry
This article summarizes analysis from three recent Economic Review articles on how changes to card payment technology and debit card regulation will affect the U.S. retail payments system in years to come.
Interchange fees and network rules: a shift from antitrust litigation to regulatory measures in various countries
This article summarizes the global trends in public authority involvement in payment card pricing and rules, examines reasons for the shift to regulatory measures, and considers potential implications for the United States.
A new era
The U.S. payments system has entered a new era ? one that is witnessing a marked decline in the use of paper checks and a sharp increase in the use of electronic payments.
The U.S. retail payments system in transition : Federal Reserve initiatives
This article explores the changing landscape of U.S. retail payments: trends, the Fed's role, and the future of payments.
How Did We Get Here? From Observing Private Currencies to Exploring Central Bank Digital Currency
The emergence of private digital currencies has inspired discussion over the possibility of central bank-issued digital currencies. While privately issued currencies are not new, the rise of digital currencies has highlighted both concerns and opportunities for central banks.
Discounts and surcharges: implications for consumer payment choice
This article reviews the current landscape for payment discounts and surcharges, considers whether they influence consumer payment choice, and offers several policy responses.
The Puzzle of Payments Security: Fitting the Pieces Together to Protect the Retail Payments System
This article offers highlights from the Federal Reserve Bank of Kansas City's fifth international payments conference, "The Puzzle of Retail Payments Security: Fitting the Pieces Together to Protect the Retail Payments System," hosted June 25-26, 2015.
Contactless: the next payment wave?
This article explores the evolution of contactless payments, whose use will likely increase and could have an important impact on the payments landscape.
Payments System Research: Our 2020 Vision
In this year’s first Payments System Research Briefing, senior vice president Susan Zubradt reflects on the evolution of retail payments and what lies ahead for the KC Fed’s Payments System Research group.
An Update on Interchange Legislation in the United States
This article provides a summary of recent developments in interchange legislation in the United States as well as the recently released Government Accountability Office report detailing its findings on interchange fees.