Forces Shaping the Payments Environment
The Federal Reserve Bank of Chicago has posted a summary of its 2005 Payments Conference titled "Forces Shaping the Payments Environment" (pdf).
The case of PayPal demonstrates that if existing payment products are unable to satisfy the requirements of the marketplace, new providers may emerge to provide superior payment solutions. Interestingly, such products may be provided by nontraditional payment providers. However, it appears that build upon the existing payment infrastructure. Thus, partnerships with existing payment providers and networks may be critical for greater market adoption.
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