New Prospects for Payment Card Application in Health Care

The Payment Card Center of the Federal Reserve Bank of Philadelphia has published a new report titled "New Prospects for Payment Card Application in Health Care" .

From the abstract: "While consumers' use of payment cards has grown rapidly in many other areas, use of these cards in making health-care payments has been far more limited. In this paper, Payment Cards Center Industry Specialist Ann Kjos attempts to explain several reasons for the slow adoption rates and identifies four related trends and developments that can be expected to lead to more rapid growth in the future. While these factors are expected to contribute to the acceleration of growth for payment card applications in health care, we know less about potential barriers stemming from consumer behavior, raising a cautionary note pending further research."