Federal Reserve Bank of Philadelphia

News & Analysis

federal reserve bank of philadelphia and operational accounting - All News and Analysis

• Assessing the Impact of Electronic Benefits Transfer: On America's Communities and the U.S. Payment System

  BNET - 2005-01-11

  As electronic benefits transfer EBT continues to expand in breadth and depth, this document addresses two important questions, which arise. It examines the impact EBT economics and technology had on United States' payment systems and communities. As more benefit programs and payments convert from paper-based to card-based systems, the paper...

  Tags: Payment, Benefit, Federal Reserve Bank Of Philadelphia, Operational Accounting, Finance

• Payment System Regulation and How It Causes Consumer Confusion

  BNET - 2004-11-01

  A workshop led by Professor Mark Budnitz of Georgia State University School of Law. Budnitz described how the regime of consumer payment regulation and various new payment products have led to much confusion among consumers. He also discussed a remedy for this situation: the adoption of uniform federal consumer protection...

  Tags: Payment, Consumer Protection, Regulation, Federal Reserve Bank Of Philadelphia, Operational Accounting, Finance

• Changes in the Use of Electronic Means of Payment: 1995-2001

  BNET - 2003-09-26

  This document updates table based on data from the 2001 Survey of Consumer Finances conducted on the use of electronic banking. This document updates the statistics indicating how the use of various means of electronic payment has changed between 1995, 1998, and 2001. It notes that the use of electronic...

  Tags: Payment, Debit Card, Federal Reserve Bank Of Philadelphia, Household, Financial Services, Operational Accounting, Finance

• Antitrust Issues in Payment Card Networks: Can They Do That? Should We Let Them?

  BNET - 2003-06-24

  Although people still use cash to pay for goods and services, the trend is toward payment cards. In the U.S., payment card networks coordinate the activities of thousands of financial institutions, millions of retail locations, and several hundred million consumers. This coordination may include the collective setting of certain prices...

  Tags: Payment, Antitrust, Network, Federal Reserve Bank Of Philadelphia, Corporate Law, Operational Accounting, Business Operations, Finance

• An Introduction to the Economics of Payment Card Networks

  BNET - 2003-06-01

  Open payment card networks typically coordinate the activities of thousands of financial institutions that issue cards, millions of retail locations that accept them, and several hundred million consumers that use them. This coordination can include the collective setting of certain prices and other controversial network rules. Such practices have recently...

  Tags: Payment, Antitrust, Network, Federal Reserve Bank Of Philadelphia, Operational Accounting, Corporate Law, Finance, Business Operations

• Innovation at the Point of Sale

  BNET - 2003-02-27

  This paper highlights a conference presentations and discussions focused on current and prospective payments innovations and their implications for payments providers, merchants, and consumers. The need for alignment among these three parties as an essential condition for the success of payments innovation was emphasized throughout the conference discussion. This event...

  Tags: Innovation, Point-of-sale, Payment, Federal Reserve Bank Of Philadelphia, Operational Accounting, Finance

• Innovations in Financial Services and Payments

  BNET - 2003-01-17

  Rapid innovation is changing the array of financial services and payment options available to customers. To examine the driving forces behind the surge of innovation and the adoption of new technology, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia hosted a conference on...

  Tags: Innovation, Payment, Financial Service, Federal Reserve Bank Of Philadelphia, Leadership, Operational Accounting, Financial Planning, Strategy, Financial Services, Management, Finance

• The Future of E-Commerce Payments

  BNET - 2002-09-11

  June 19, 2002, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association's Electronic Commerce Payments Council eCPC sponsored a joint conference. This paper discusses the session, which included both Federal Reserve staff and industry leaders discussing how electronic payments are becoming an...

  Tags: Payment, Electronic Payment, Federal Reserve Bank Of Philadelphia, E-business, Operational Accounting, Finance

• The Evolution of EFT Networks From ATMs to New On-Line Debit Payment Products

  BNET - 2002-04-01

  This paper provides a brief history of EFT and the automated teller machine ATM industry. It discusses the growth of debit card applications and various Internet payment mechanisms. It then described NYCE's a New York based electronic payment company new payment product, SafeDebit, which is designed to address security issues...

  Tags: Payment, ATM, Federal Reserve Bank Of Philadelphia, Operational Accounting, Finance

• Innovations in Small Dollar Payments

  BNET - 2001-10-01

  This paper summarizes a range of challenges and opportunities for innovators in their quest to convert small dollar cash and check payments into electronic transactions. While traditional credit cards play a role in a number of the small dollar markets, pure electronic payment alternatives offer the most promising solutions. In...

  Tags: Innovation, Payment, Electronic Payment, Federal Reserve Bank Of Philadelphia, Operational Accounting, Finance