Person-to-person electronic funds transfers: Recent developments and policy issues

Arbeitspapier

The paper investigates the reasons why person-to-person electronic funds transfers are still not very common in the United States compared with practices in many other countries. The paper also describes recent enhancements to online and mobile banking that provide account holders with low-cost interfaces to manage person-to-person electronic funds transfers via automated clearing house (ACH). On the theoretical side, the paper characterizes the critical mass levels needed for payment instruments to become widely adopted. Given the Fed's long-term heavy involvement in check clearing, the paper concludes with policy discussions of whether intervention is needed.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Public Policy Discussion Papers ; No. 10-1

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; Financial Institutions and Services: Other ; Household Saving; Personal Finance
• Thema: automated clearing houses (ACH) ; person-to-person electronic funds transfers ; account-to-account transfers ; online banking ; mobile banking ; Bargeldloser Zahlungsverkehr ; Electronic Banking ; Mobiltelefon ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Shy, Oz
• Ereignis: Veröffentlichung
• (wer): Federal Reserve Bank of Boston
• (wo): Boston, MA
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/59205
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ