Payments Studies
The Chicago Fed's Payments Studies group analyzes existing payment instruments and networks, as well as the next generation of payment instruments and networks. Staff members conduct three types of analysis: academic, applied, and public policy. Through articles in Chicago Fed and professional publications, occasional papers, and conferences, Payments Studies staff share analysis with academic and industry audiences.
News
Conference on Payment Markets: Theory, Evidence and Policy
The University of Granada and the Federal Reserve Bank of Chicago are pleased to announce an international Conference on Payment Markets: Theory, Evidence, and Policy. Electronic payments such as payment cards continue to replace cash as the preferred payment instrument around the world.
June 21-22, 2010
Over the last few years, the economy has experienced an unprecedented level of change. Amidst this environment, the payments industry has undergone changes as well, such as new consumer protection regulations for payment cards. While it has yet to be determined which consumer payment practices will undergo the most change, it is clear that businesses have had to alter pricing, marketing, and product strategies in order to remain competitive. Further, the industry and policymakers have recognized the importance of business innovations as well as financial education to help protect against future shocks. As economists and business leaders attempt to survey the payments landscape and understand what we have learned as a result of recent events, the Chicago Fed will bring together leaders from throughout the industry to discuss the following:
- What innovations have the payments industry developed in response to recent economic events?
- How have consumers' payments behaviors changed, and are these changes likely to be permanent?
- What is the future direction of payments policy?
