New Innovations in Payments

21 Pages Posted: 20 Jun 2016 Last revised: 29 Jun 2016

See all articles by Marc Rysman

Marc Rysman

Boston University - Department of Economics

Scott D. Schuh

Federal Reserve Bank of Boston - Research Department

Date Written: June 2016

Abstract

We discuss prospects for innovation in consumer payment instruments. We discuss recent research into consumer payments and what can be learned about consumer behavior towards new payment options. We consider three new innovations in payments: mobile payments, faster payments and digital currencies. For each, we describe prospects and impediments to adoption.

Suggested Citation

Rysman, Marc and Schuh, Scott, New Innovations in Payments (June 2016). NBER Working Paper No. w22358. Available at SSRN: https://ssrn.com/abstract=2797952

Marc Rysman (Contact Author)

Boston University - Department of Economics ( email )

270 Bay State Road
Boston, MA 02215
United States
617-353-3086 (Phone)
617-353-4449 (Fax)

Scott Schuh

Federal Reserve Bank of Boston - Research Department ( email )

600 Atlantic Ave.
Boston, MA 02210
United States
617-973-3941 (Phone)
617-619-7541 (Fax)

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