Innovations, incentives, and regulation: forces shaping the payments environment

Sujit Chakravorti and Carrie Jankowski

Chicago Fed Letter, 2005, issue Sep, No 218a

Abstract: The migration to more efficient payment mechanisms is affected by innovations, incentives, and regulation. While advances in technology have yielded numerous payment method alternatives, many have not been widely adopted. A recent Chicago Fed conference explored why certain payment innovations have been more successful than others.

Keywords: Payment; systems (search for similar items in EconPapers)
Date: 2005
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