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.

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Year of publication:	2014-10-10
Authors:	Greene, Claire ; Rysman, Marc ; Schuh, Scott ; Shy, Oz
Institutions:	Federal Reserve Bank of Boston
Subject:	fast payments systems \| cost-benefit analysis \| account-to-account (A2A) transfers \| person-to-person (P2P) payments

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Extent:	application/pdf
Series:	Current Policy Perspectives.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Current Policy Perspectives Number 14-5 47 pages
Classification:	E41 - Demand for Money ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E51 - Money Supply; Credit; Money Multipliers ; G12 - Asset Pricing ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011147066