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Discussion Paper
Innovation in financial services and payments
Rapid innovation is changing the array of financial services and payment options available to customers. To examine the driving forces behind the surge of innovation and the adoption of new technology, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia hosted a conference on ?Innovation in Financial Services and Payments? on May 16-17 of this year. ; This document provides a summary of the presentations and discussions during the two day conference event.