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Improving business payments by asking what corporations really want

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  • Michele Braun
  • Sandra C. Krieger

Abstract

A recent study led by the New York Fed sheds light on the changes in the payment process that large corporations would most like to see. The study's results, summarized in this article, suggest that corporate treasurers and cash managers would particularly value enhancements that decrease unauthorized and insufficiently funded payments, streamline data formats, improve bank services and information posting, and reduce cross-border payment uncertainties.

Suggested Citation

  • Michele Braun & Sandra C. Krieger, 2005. "Improving business payments by asking what corporations really want," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 11(May).
    • Handle: RePEc:fip:fednci:y:2005:i:may:n:v.11no.5
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    References listed on IDEAS

    as
    1. anonymous, 2002. "The future of retail electronic payments systems: industry interviews and analysis," Staff Studies 175, Board of Governors of the Federal Reserve System (U.S.).
    2. Kirstin E. Wells, 1996. "Are checks overused?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 20(Fall), pages 2-12.
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    Cited by:

    1. Marques Benton & Krista Blair & Marianne Crowe & Scott Schuh, 2007. "The Boston Fed study of consumer behavior and payment choice: a survey of Federal Reserve System employees," Public Policy Discussion Paper 07-1, Federal Reserve Bank of Boston.

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