Pay-by-Bank and the Merchant Payments Use Case: Benefits, risks and potential impacts on consumer payment behaviors in the U.S

Byoung Hwa Hwang

No 2025-07-07-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The consumer payments landscape is rapidly evolving. In the United States, the growth of instant payments and innovations such as open banking are among the many developments shaping today's consumer payment behaviors.

Date: 2025-07-07
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-07-07-2

DOI: 10.17016/2380-7172.3834

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