The changing patterns of payments in the United States

President Anthony Santomero highlights the differences between U.S. and European payments infrastructure; discusses how the roots and evolution of the U.S. payments system differs from Europe’s; and outlines the likely path of the U.S. payment system and the Fed’s role in it. In the end, he observes, the two systems will look more alike, but they’ll get there from very different starting points.

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Year of publication:	2005
Authors:	Santomero, Anthony M.
Published in:	Business Review. - Federal Reserve Bank of Philadelphia. - 2005, Q3, p. 1-8
Publisher:	Federal Reserve Bank of Philadelphia
Subject:	Payment systems

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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