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Keynote remarks at the TCH Annual Payments Symposium and Business Meeting, New York City.
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smoothing the transition with customers ultimately may prove to be the key challenge. Millions of people still use paper checks …
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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 …
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Computerization of social life enabled market participants to search for new forms of electronic payments. The share of cash in total payments is systematically decreasing, which poses the risk of being supplanted by other instruments, including cryptocurrencies. Central banks, therefore, faced...
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