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Related Information

• 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

Recent Research

• 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.

• The New Debit Card Regulations: Effects on Merchants, Consumers, and Payments System Efficiency

  By Fumiko Hayashi
  In this second of two articles on the effects of regulations in the debit card market, Hayashi identifies factors that may determine whether—and by how much—merchants and consumers ultimately benefit from the changes.

• The U.S. Adoption of Computer-Chip Payment Cards: Implications for Payment Fraud

  By Richard J. Sullivan
  New computer-chip payment cards will soon make some forms of payment card fraud harder. But in other countries where these cards were introduced, fraudsters adjusted their tactics and additional countermeasures were needed.

• 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.

• Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis

  By Nada Mora
  Evidence from the 2007-2009 crisis indicates that the role of the banking system as a stabilizing liquidity insurer is not one of the passive recipient, but of an active seeker, of deposits.

Payment Data Updates

Public Authority Involvement in Payment Card Markets: Various Countries (08/2012)
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. (08/2012) 
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 (06/2012)
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.

• Economic Review

  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.

  
  
  

  Books

• 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.