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Report
Costs and benefits of building faster payment systems: the U.K. experience and implications for the United States
This paper studies the economic cost-benefit analysis behind the decision by the United Kingdom on how to implement its Faster Payments Service (FPS), which allows consumers and businesses to rapidly transfer money between bank accounts, and draws implications for the U.S. payments system.
Briefing
Are U.S. Consumers Ready to Use Pay-by-Bank at the Point of Sale?
Pay-by-Bank, a direct transfer from individuals’ bank accounts to merchants’, is gaining popularity as a point-of-sale payment method in countries around the world. Although Pay-by-Bank has yet to become available at points of sale in the United States, data suggest that U.S. consumers are increasingly ready to use this method.