Consumer payment innovation in the connected age
By: sponsored by the Federal Reserve Bank of Kansas City
Contributors: Federal Reserve Bank of Kansas City
Publisher: Federal Reserve Bank of Kansas City
Published: 2012
Place of publication: Kansas City, MO
Language: eng
Number of pages: 259
ISBN-13: 9780974480947
Subjects: Electronic funds transfers; Congresses; Electronic commerce; Negotiable instruments
Description: "New ways of making payments have emerged as technological advances such as smartphones enable consumers, businesses and financial institutions to exchange information more freely and quickly. The conference brought together top industry participants, policymakers and academics for an in-depth look at consumer payment innovation and the role of public policy in an age of increasing connectedness. Among the questions addressed included: Is increasing connectedness likely to revolutionize consumer payments? ; Will insufficient competition or a lack of market standards hold back innovation? ; What new risks and privacy concerns are created by payment innovation? ; Will new products such as mobile payments increase access of the underbanked to the payment system? ; What changes in the clearing and settlement of consumer payments would facilitate innovation?."--Publisher's website.
Notes: "Kansas City, MO. March 29-30, 2012."

"The papers in this publication can be obtained in electronic form from the Federal Reserve Bank of Kansas City's website: http//www.KansasCityFed.org."-- p. vi.
Table of contents: title: Increasing connectedness and consumer payments: an overview; title: Market obstacles to consumer payment innovation and public policy responses; title: Risk and privacy implications of consumer payment innovation in the connected age; title: Ensuring consumer access to the payments system in the connected age; title: Facilitating consumer payment innovation through changes in clearing and settlement; title: Perspectives on the role of public policy in facilitating payment innovation.