Chicago Fed Letter

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from March 2004
Last Number: January 2013

Federal Reserve Bank of Chicago
ISSN 0895-0164

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Year 2005

Nbr. 219A, October 2005

Forces Shaping the Payments Environment: A Summary of the Chicago Fed's 2005 Payments Conference

On May 18-May 19, 2005, the Federal Reserve Bank of Chicago hosted its fifth payments industry conference, titled "Innovations, Incentives, and Regulation: Forces Shaping the Payments Environment," in order to address the issues affecting the adoption of new payment method alternatives in the US and elsewhere. Three main forces continue to affect the migration to efficient payment mechanisms: innovations, incentives, and regulation. Many have not been successful in the marketplace because som...


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