Payment Systems Evolution: How Does Money Move from a Buyer to Seller?

Mike Kaiman
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Mike Kaiman: https://research.stlouisfed.org/staff/kaiman

Page One Economics Newsletter, 2024, 6 pages

Abstract: With the click of a button or swipe of a card, money can flow into and out of bank accounts without hesitation. This Page One Economics article examines what it takes for that money to move quickly and reliably to and from accounts, and how a new service developed by the Federal Reserve can contribute to US payment systems.

Keywords: payment; systems (search for similar items in EconPapers)
Date: 2024
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