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Bauer, Paul W. - In: Economic Commentary (2004) Sep

The death of paper checks has been predicted since the 1960s, but only recently has their use begun to decline. The end … may be near, though, as two forces accelerate the trend away from checks: the growing acceptance of electronic payment … instruments and the passage of legislation designed to reduce our reliance on paper checks. …

Persistent link: https://www.econbiz.de/10005390459

The check is dead! Long live the check! A Check 21 update

Bauer, Paul W.; Gerdes, Geoffrey R. - In: Economic Commentary (2009) Jun

mid-1990s, but because of the rapid adoption of electronic payment methods, checks are evolving and are unlikely to … disappear anytime soon. Checks are still a convenient way to initiate some payments, and electronic processing has only made …

Persistent link: https://www.econbiz.de/10008631670

Payment system risk issues

Stevens, E.J. - In: Economic Commentary (1989) Jun

A discussion of international, domestic, pricing, and operational aspects of electronic payment system risk, with a description of proposals for managing the risk and for reducing Federal Reserve exposure.

Persistent link: https://www.econbiz.de/10005717876

A beginner's guide to the U.S. payments system

Bauer, Paul W. - In: Economic Commentary (1994) Jul

A description of the U.S. payments system, outlining its evolution and examining some of the areas where improvements are needed.

Persistent link: https://www.econbiz.de/10005390356

Price isn't everything

Stevens, E.J. - In: Economic Commentary (1993) Apr

A comparison of Fedwire, CHIPS, and GlobeSet payment services for 24-hour global markets, emphasizing the constraining influence of the Federal Reserve's monetary policy responsibilities on Fedwire's market share.

Persistent link: https://www.econbiz.de/10005390427

Network externalities: the catch-22 of retail payments innovations

Osterberg, William P.; Thomson, James B. - In: Economic Commentary (1998) Feb

An investigation of one of the reasons why electronic payments have not yet supplanted cash and checks in retail …

Persistent link: https://www.econbiz.de/10005390514

Are consumers cashing out?

Bauer, Paul W.; Littman, Daniel - In: Economic Commentary (2007) Oct

The information age has led to many new forms of payment, including credit cards, debit cards, and online banking. In many ways, these new mechanisms seem preferable to cash. While the disappearance of cash is a very long way off, it seems people are starting to use it less.

Persistent link: https://www.econbiz.de/10005393608

Payment system risk and financial reform

Hoskins, W. Lee - In: Economic Commentary (1990) Aug

An opinion by Cleveland Federal Reserve Bank President W. Lee Hoskins that shrinking the federal safety net, including the payments system, must be a precondition of financial reform in the United States.

Persistent link: https://www.econbiz.de/10005393619

Making payments in cyberspace

Bauer, Paul W. - In: Economic Commentary (1995) Oct

An examination of the payment problems that will have to be overcome as the electronic marketplace evolves, including the issues of trust between buyer and seller, security of payment instruments, individual privacy versus law enforcement concerns, and the implications for monetary policy.

Persistent link: https://www.econbiz.de/10005512874

How much is daylight credit worth?

Stevens, E.J. - In: Economic Commentary (1995) May

An examination of how much Federal Reserve Banks should charge for daylight overdrafts. A low fee involves questions of moral hazard in central banking, while a high fee raises questions about risk myopia in private credit markets.

Persistent link: https://www.econbiz.de/10005512881