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Nonbanks in the Payments System

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The Federal Reserve Bank of Kansas City last week hosted "Nonbanks in the Payments System: Innovation, Competition, and Risk," May 2-4 in Santa Fe, N.M. This conference brought together three principal audiences -- industry participants, academics, and public authorities -- for an exchange of views and thoughts around the topic of nonbanks' increasing prominence in payments systems around the world. Preliminary copies of the papers presented at this conference are available online.

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