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Banking & Payments Research
Research staff analyzes domestic and international payments systems as well as the banking industry, including supervisory and regulatory concerns, lending issues, and risks to financial institutions.
Payment Data Updates
Public Authority Involvement in Payment Card Markets: Various Countries (08/2014)
A summary of regulatory developments in interchange fees and surcharges in various countries is provided.
Credit and Debit Card Interchange Fees in Various Countries (08/2014)
Levels of interchange fees for credit and debit cards are compared among countries in Europe, Oceania and North America.
Credit and Debit Card Interchange Fees in the U.S. (09/2014)
Charts show trends of U.S. credit and debit card interchange fees for several merchant categories.
2012 Payments Conference
The Kansas City Fed's conference explored consumer payment innovation and the role of public policy in an age of increasing connectedness. The conference brought together industry participants, policymakers and academics from around the world. View proceedings from the 2012 conference. Access materials from past conferences: 2009 | 2007 | 2005.
What Explains Low Net Interest Income at Community Banks?
By Chuck S. Morris and Kristen Regehr
In the Second Quarter Economic Review, Charles S. Morris and Kristen Regehr find low community bank net interest income since the crisis is explained by current economic and banking conditions.
Mobile Payments: Merchants' Perspectives
By Fumiko Hayashi and Terri Bradford
In the Second Quarter Economic Review, Fumiko Hayashi and Terri Bradford examine merchants' mobile payments preferences and find some attributes of mobile payments, such as an enhanced customer experience, have clear beneficial effects.
General Purpose Reloadable Prepaid Cards: Penetration, Use, Fees and Fraud Risks
By Fumiko Hayashi and Emily Cuddy
Prepaid card use varies by account and local demographic characteristic. Cards funded by third-party direct deposits are used longest and most intensively. Fraud rates are highest for signature and card-not-present transactions.
Creditor Recovery: The Macroeconomic Dependence of Industry Equilibrium
By Nada Mora
An examination of 40 years of defaulted debt instruments reveals that the state of the business cycle influences creditor recoveries through an industry channel, so that industry fire-sales can be triggered by a weak economy.
Fees, Fraud and Regulation: Forces of Change in the Payment Card Industry
By Fumiko Hayashi and Richard J. Sullivan
This article summarizes analysis from three recent Economic Review articles on how changes to card payment technology and debit card regulation will affect the U.S. retail payments system in years to come.
- Mobile Payments in the U. S.
- Bank for International Settlements
- Survey of Community Banks
- Red Book
- Philadelphia Fed Payment Cards Center
- Fed in Print
- Fed's Day Ahead Conference on Financial Markets & Institutions
View more Payments System Research
Payments System Research Briefings
Payments System Research Briefings are published periodically and discuss types of payments, developments in networks, participants' roles and more.
Banking & Financial Market Related Articles
The Economic Review is a quarterly research publication with articles by Kansas City Fed staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets and payments systems.
Payments System Research Papers
Payments System Research staff produces a series of working papers on types of payments, developments in networks, participants' roles and more.
A Guide to the ATM and Debit Card Industry
This book is a 2006 update that documents industry trends and patterns and discusses their implications.
A Guide to the ATM and Debit Card Industry
This book provides an overview of the history and developement of the ATM and debit card industry, details the mechanics of ATM and debit transactions, reviews trends in ATM and debit transaction volume and pricing, and discusses industry and public policy issues.
Nonbanks in the Payments System
This book examines nonbank participation of payments activities and the roles nonbanks play in specific transaction types.