In "Changes in the Use of Electronic Means of Payment: 1995-2001," Mester updates tables that first appeared in her article in the March/April 2000 Business Review. The tables are based on data from the 2001 Survey of Consumer Finances. ; Also issued as Payment Cards Center Discussion Paper No....

Innovation and Regulation in Financial Markets” was the topic of the seventh annual Philadelphia Fed Policy Forum, held on November 30, 2007. This event, sponsored by the Bank’s Research Department, brought together economic scholars, policymakers, and market economists to discuss and debate...

Traditional forms of payment, such as currency, coin, and paper checks, are quickly being eclipsed by electronic forms, such as payments made by ATM, credit card, or automated clearing house. More recently, smart cards, debit cards, and PC banking have joined this electronic army of new ways to...

Managing the recovery in uncertain times was the topic of our third annual Philadelphia Fed Policy Forum held on November 14, 2003. This event, sponsored by the Bank’s Research Department, brought together a group of highly respected academics, policymakers, and market economists, for...

Credit scoring is already widely used for consumer lending and is becoming more commonly used in mortgage lending. Now, small business lending is getting into the scoring act. What does this mean for the commercial loan industry? And will it benefit small businesses? In this article, Loretta...

This article presents an update of an article first published in the March/April 2000 Business Review, which presented data from the 1995 Federal Reserve Survey of Consumer Finances. Loretta Mester, author of the original article, has compiled information from the 1998 survey to keep readers...