Terri Bradford, Payments System Research Specialist at the Federal Reserve Bank of Kansas City, has published a paper titled "A Backward Glance While Looking Forward" looking at some of the new payments products and technologies introduced over the last 10 years: check conversion, person-to-person payments, account aggregation, and electronic bill presentment and payment,

In his weekly address to the nation, President Obama called on Congress to pass a credit card reform bill, so that he can sign it into law by Memorial Day.

Americans know that they have a responsibility to live within their means and pay what they owe. But they also have a right to not get ripped off by the sudden rate hikes, unfair penalties, and hidden fees that have become all-too common in our credit card industry. You shouldn’t have to fear that any new credit card is going to come with strings attached, nor should you need a magnifying glass and a reference book to read a credit card application. And the abuses in our credit card industry have only multiplied in the midst of this recession, when Americans can least afford to bear an extra burden."