Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Electronic Payments and the U.S. Payments System (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (23 pages)
add to cart or subscribe for unlimited access
Release Date June 27, 2002
Report Number RL31476
Report Type Report
Authors Walter W. Eubanks and Pauline H. Smale, Government and Finance Division
Source Agency Congressional Research Service
Summary:

This report provides a framework for understanding the paper-based and electronic components of the current U.S. payments system. It begins with a basic overview of the payments system, explaining the relative size and growth of various methods of payment. The report discusses paper-based payments and then examines the operations of wholesale and retail electronic payments. Finally, the report discusses some of the major policy issues concerning the regulation and supervision of electronic payments.