Search Results
Conference Paper
The law's role in payments
Conference Paper
The payment provider perspective
Journal Article
Why has stored value not caught on?
Why have general-purpose stored-value cards been unsuccessful in penetrating the U.S. market? Three necessary conditions for a payment instrument to be successful are discussed: consumers and merchants need to be convinced of its advantages over existing payment alternatives for at least some types of transactions; payment providers must convince consumers and merchants simultaneously of its benefits to achieve critical mass; and assure them that adequate safety and security measures have been implemented. This article discusses the credit card industry's success in meeting these necessary ...
Working Paper
Electronic money
An exploration of the issues that must be addressed if stored-value cards and other electronic money systems are to be major payment mechanisms in the global financial market.
Journal Article
Are new forms of retail payments really new?
Journal Article
Bank notes and stored-value cards: stepping lightly into the past
Like the bank notes that circulated in this country from 1863 to 1913, stored-value cards substitute the liabilities of private banks for government and central-bank liabilities. This shift may have important implications for the federal budget, the money supply, and monetary policy.
Conference Paper
Where to go from here?
Discussion Paper
An overview of smart card technology and markets
As part of the Payment Cards Center's series of discussion papers, this paper provides an overview of smart card technology and its potential for significantly increasing payment card functionality. In addition to reviewing the current market for smart cards in the U.S., this paper examines the costs and barriers associated with their wide spread adoption. European and US smart card acceptance is compared. In addition, this paper provides background on the technological and infrastructure developments behind smart cards, a discussion of current smart card applications, and a review of smart ...
Conference Paper
Technology's role in payments