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The changing patterns of payments in the United States

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  • Anthony M. Santomero

Abstract

President Anthony Santomero highlights the differences between U.S. and European payments infrastructure; discusses how the roots and evolution of the U.S. payments system differs from Europe?s; and outlines the likely path of the U.S. payment system and the Fed?s role in it. In the end, he observes, the two systems will look more alike, but they?ll get there from very different starting points.

Suggested Citation

  • Anthony M. Santomero, 2005. "The changing patterns of payments in the United States," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 1-8.
    • Handle: RePEc:fip:fedpbr:y:2005:i:q3:p:1-8
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2005/q3/Q3_05_Santomero.pdf
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    Keywords

    Payment systems;

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