Search Results

Showing results 1 to 10 of approximately 560.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Payment systems 

Journal Article
Taken to lunch

One lunch tab cost Jason Snyder more than $10,000 after information from the personal check he wrote was used to steal his identity. There are easy ways to reduce fraud.
TEN , Issue Win , Pages 10-13

Working Paper
Bitcoin: Technical Background and Data Analysis

This paper provides the necessary technical background to understand basic Bitcoin operations and documents a set of empirical regularities related to Bitcoin usage. We present the micro-structure of the Bitcoin transaction process and highlight the use of cryptography for the purposes of transaction security and distributed maintenance of a ledger. Using publicly available transaction-level data, we examine patterns of general usage together with usage by Satoshi Dice, the largest online gambling service using Bitcoin as the method of payment. Our analysis suggests that less than 50 percent ...
Finance and Economics Discussion Series , Paper 2014-104

Discussion Paper
Competition and innovation in the consumer e-payments market? considering the demand, supply, and public policy issues

Significant debate has occurred over the last several decades regarding whether there is adequate competition and innovation in the non-recurring consumer payments segment of the banking industry. The Department of Justice and some retailers have sued Visa and MasterCard for limiting competition and innovation. There has also been a host of high profile product failures in the consumer e-payment market place (e.g., e-cash and smart card products). Meanwhile, some researchers have suggested that consumers are irrational and unresponsive to marketplace incentives (for instance, see Ausubel ...
Occasional Paper; Emerging Payments , Paper EPS-2001-4

Briefing
Stored-value cards: a card for every reason

This article discusses the various uses of stored-value cards and the different degrees of their use and acceptance four years after their introduction.
Payments System Research Briefing , Issue Jun

Conference Paper
The Canadian payment system: an evolving structure

Proceedings

Working Paper
Incentives, communication, and payment instruments

Alternative payment instruments are studied in an economy with private information, delayed communication, and limited commitment. Attention is restricted to checks and bank drafts, which differ in resource cost and communication characteristics. Checks are less costly but settlement delays create a limited commitment constraint. We find that drafts dominate at low wealths and checks at higher wealths. Applications to 19th century and modern payment systems are discussed.
Working Paper , Paper 00-11

Journal Article
The design of wholesale payments networks: the importance of incentives

Most people are familiar with retail payments systems such as checks and credit cards. Less familiar are wholesale payments systems, which consist of electronic networks used for sending large sums among banks. A feature common to all wholesale networks is that settlement is carried out by exchange of funds held in banks' reserve accounts at a central bank, though the rules for settlement vary. This article considers the question of what is the best design for a wholesale payments system, in particular whether it should settle on a net or a real-time gross basis, and some of the difficult ...
Economic Review , Volume 84 , Issue Q3 , Pages 30-39

Journal Article
Policy statement regarding the system's role in the payments mechanism revised

Federal Reserve Bulletin , Issue May

Journal Article
Recent developments in wholesale payments systems

Wholesale payments and settlement systems in G-10 countries have undergone significant change in recent years. Notably, central banks have sought to increase the safety and reliability of these systems. In this article, William R. Emmons describes two approaches that have been pursued. Significant progress has been achieved in strengthening (or "securing") many existing payments system arrangements based on net settlement. In addition, many new gross settlement systems have been created, and existing ones have been improved. The article also explores why private-sector financial ...
Review , Issue Nov , Pages 23-43

Working Paper
Scale economies, scope economies, and technical change in Federal Reserve payment processing

In the past decade, the U.S. economy has witnessed a tremendous surge in the usage of electronic payment processing services and an increased importance of the firms that provide these services. The payments industry has also undergone changes in cost structure with the introduction of new technology. Unfortunately, data on the private provision of payment processing services are not available. However, the Federal Reserve provides similar services and collects data on its own provision of payments processing, offering an opportunity to gain insights into the cost structure of payments ...
Finance and Economics Discussion Series , Paper 2002-57

FILTER BY year

FILTER BY Series

Proceedings 109 items

Proceedings – Payments System Research Conferences 38 items

Economic Review 30 items

Federal Reserve Bulletin 29 items

Financial Update 27 items

Chicago Fed Letter 22 items

show more (50)

FILTER BY Content Type

Journal Article 216 items

Conference Paper 154 items

Working Paper 77 items

Discussion Paper 42 items

Newsletter 22 items

Briefing 18 items

show more (5)

FILTER BY Author

anonymous 58 items

McAndrews, James J. 26 items

Roberds, William 22 items

Chakravorti, Sujit 19 items

Bradford, Terri 12 items

Kahn, Charles M. 12 items

show more (437)

FILTER BY Jel Classification

E42 4 items

G21 3 items

FILTER BY Keywords

Payment systems 560 items

Electronic funds transfers 78 items

Credit cards 54 items

Debit cards 41 items

Checks 35 items

Electronic commerce 34 items

show more (164)

PREVIOUS / NEXT