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Banking & Payments Research
Research staff analyzes domestic and international payments systems as well as the banking industry, including supervisory and regulatory concerns, lending issues, and risks to financial institutions.
2012 Payments Conference
The Kansas City Fed's conference explored consumer payment innovation and the role of public policy in an age of increasing connectedness. The conference brought together industry participants, policymakers and academics from around the world. View proceedings from the 2012 conference. Access materials from past conferences: 2009 | 2007 | 2005.
- Mobile Payments in the U. S.
- Bank for International Settlements
- Survey of Community Banks
- Red Book
- Philadelphia Fed Payment Cards Center
- Fed in Print
- Fed's Day Ahead Conference on Financial Markets & Institutions
The Impact of Debit Card Regulation on Checking Account Fees
By Richard J. Sullivan
Some predicted a cap on debit card interchange fees might lead banks to charge more for checking accounts. In fact, some large banks are charging more, but many smaller banks are charging less. On net, access to free checking has risen.
Creditor Recovery: The Macroeconomic Dependence of Industry Equilibrium
By Nada Mora
An examination of 40 years of defaulted debt instruments reveals that the state of the business cycle influences creditor recoveries through an industry channel, so that industry fire-sales can be triggered by a weak economy.
Basel Liquidity Regulation: Was It Improved with the 2013 Revisions?
By Michal Kowalik
Revisions to the Basel regulations improved them, but also left some shortcomings unchanged. Liquidity buffers' availability was expanded, but an inflexible approach was still applied to determine buffers' size and composition.
Fees, Fraud and Regulation: Forces of Change in the Payment Card Industry
By Fumiko Hayashi and Richard J. Sullivan
This article summarizes analysis from three recent Economic Review articles on how changes to card payment technology and debit card regulation will affect the U.S. retail payments system in years to come.
Effects of Credit Scores on Consumer Payment Choice
By Fumiko Hayashi and Joanna Stavins
Credit scores significantly influence consumer payment behavior, especially debit and credit card use. Evidence suggests that this is due to supply-side constraints, such as the effect of credit scores on the cost of credit and access to credit.
What Can Financial Stability Reports Tell Us About Macroprudential Supervision?
By Jon Christensson, Kenneth Spong and Jim Wilkinson
Recent financial stability reports from five central banks indicate that macroprudential supervision could be beneficial in promoting financial stability, but will also be a very challenging task.
Payment Data Updates
Public Authority Involvement in Payment Card Markets: Various Countries (08/2013)
A summary of regulatory developments in interchange fees and surcharges in various countries is provided.
Credit and Debit Card Interchange Fees in the U.S. (08/2013)
Charts show trends of U.S. credit and debit card interchange fees for several merchant categories.
Credit and Debit Card Interchange Fees in Various Countries (08/2013)
Levels of interchange fees for credit and debit cards are compared among countries in Europe, Oceania and North America.
Payments System Research Briefings
Payments System Research Briefings are published periodically and discuss types of payments, developments in networks, participants' roles and more.
Banking & Financial Market Related Articles
The Economic Review is a quarterly research publication with articles by Kansas City Fed staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets and payments systems.
Payments System Research Papers
Payments System Research staff produces a series of working papers on types of payments, developments in networks, participants' roles and more.
A Guide to the ATM and Debit Card Industry
This book is a 2006 update that documents industry trends and patterns and discusses their implications.
A Guide to the ATM and Debit Card Industry
This book provides an overview of the history and developement of the ATM and debit card industry, details the mechanics of ATM and debit transactions, reviews trends in ATM and debit transaction volume and pricing, and discusses industry and public policy issues.
Nonbanks in the Payments System
This book examines nonbank participation of payments activities and the roles nonbanks play in specific transaction types.