Offline Payments: Implications for Reliability and Resiliency in Digital Payment Systems

Laila Aboulaiz, Bunmi Akintade, Hamzah Daud, Monique Lansey, Megan Rodden, Lucas Sawyer and Matthew Yip
Additional contact information
Hamzah Daud: https://fsi.stanford.edu/people/hamzah-daud
Megan Rodden: https://www.chicagofed.org/people/r/rodden-megan

No 2024-08-16, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: With the proliferation of digital payments, internet-based technology has been integral in supporting the delivery of these transactions. Traditional digital payments, such as those made with credit cards, debit cards, and mobile wallets, often require an internet connection to settle transactions. Processors must communicate between banks to carry out a payment, relying on internet connectivity to do so.

Date: 2024-08-16
New Economics Papers: this item is included in nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-08-16

DOI: 10.17016/2380-7172.3456

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