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Innovations in small dollar payments

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  • Peter Burns
  • Anne Stanley

Abstract

On September 25, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on innovations in small dollar payments. The moderated discussion was led by Richard Corl, an entrepreneur with 25 years of experience in the electronic payments industry.2 From his perspective as a director of Ecount, a small dollar payments innovator, Corl described a range of challenges and opportunities for innovators in their quest to convert small dollar cash and check payments into electronic transactions. In addition to broad market issues, he described a number of specific emerging applications. This paper is a summary of Corl's presentation.

Suggested Citation

  • Peter Burns & Anne Stanley, 2001. "Innovations in small dollar payments," Consumer Finance Institute discussion papers 01-06, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpdp:01-06
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/consumer-finance/discussion-papers/SmallDollarPayments_102001.pdf
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