On June 15, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on the evolution of the electronic funds transfer (EFT) industry. Paul Tomasofsky and Bruce Sussman of NYCE, the New Jersey-based electronic payments company, led the workshop. Beginning...

This paper discusses the potential money laundering threat that prepaid cards face as they enter the mainstream of consumer payments. Over the past year, several government agencies have issued reports describing the threat to the U.S. financial system, including the use of prepaid cards by...

On May 22, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on the role of interchange fees in the credit card industry. The workshop discussion, led by Dr. David Humphrey of Florida State University, explored the framework behind interchange fees.2...

On June 19, 2002, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association's Electronic Commerce Payments Council (eCPC) sponsored a joint conference. This meeting was part of the regularly scheduled quarterly council meetings that bring...