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- Title
The Federal Reserve's Role in Retail Payments: Adapting to a New Environment.
- Authors
Weiner, Stuart E.
- Abstract
The article reexamines the role of the Federal Reserve in the retail payments in light of the new evolving U.S. payments system. It likewise explores the conceptual issues inherent in central bank involvement in retail payments as well as analyzes perspectives from other countries that may prove useful. It Furthermore, it evaluates the Federal Reserve involvement in retail payments as well as offer a framework on key issues. Moreover, it reviews the changing U.S. payments landscape such as the shifting from paper to electronic payments.
- Subjects
UNITED States; UNITED States. Federal Reserve Board; PAYMENT systems; COLLECTING of accounts; ELECTRONIC funds transfers; ONLINE banking; CREDIT control; CENTRAL banking industry; BANKING industry; FEDERAL Reserve banks
- Publication
Economic Review (01612387), 2008, Vol 93, Issue 4, p35
- ISSN
0161-2387
- Publication type
Article