Innovations, Incentives, And Regulation: Forces Shaping The Payments Environment
The Federal Reserve Bank of Chicago has published a special edition Fed Letter titled "Innovations, Incentives, And Regulation: Forces Shaping The Payments Environment" (PDF) as a follow-up to its fifth annual payments conference held last May and summarizes the conference participants’ responses to the following questions:
- What emerging innovations have the greatest potential to improve the payment system?
- Why have certain payment innovations been more successful than others?
- How does the current legal and regulatory framework affect the adoption of efficient payment mechanisms?
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