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Costs of the Current U.S. Payments System

  • Allen H. Lipis
Part of the Applications of Modern Technology in Business book series (AMTB)

Abstract

While some valuable information is available on the economics of the U.S. payments system, much more information is needed. It is needed because we are introducing a new payment method—EFT systems—to the three—cash, checks, and credit cards—that existed before. If we are to make intelligent decisions about EFT systems, we must know as much as we possibly can about the existing situation.

Keywords

Credit Card Payment System Card Transaction Cash Transaction Dollar Volume 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. 1.
    Arthur D. Little, Inc., The Consequences of Electronic Funds Transfer, a Technology Assessment of Movement Toward a CashlesslCheckless Society, Cambridge, Massachusetts (1975).Google Scholar
  2. 2.
    Payment Systems, Inc., The Future of the Card, Atlanta, Georgia (1974).Google Scholar
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    Payment Systems, Inc., The Future of Card Services, Atlanta, Georgia (1976).Google Scholar
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    G. Budd and E. Hamilton, The economics of the payments mechanism, unpublished article (1976).Google Scholar
  5. 5.
    Federal Reserve Statistics, U.S. Government Printing Office, Washington, D.C. (1977).Google Scholar
  6. 6.
    Arthur D. Little, Inc., Outlook for the Nation’s Check Payments System, 1970–1980, American Banker’s Association, Washington, D.C. (1970).Google Scholar
  7. 7.
    R. William Powers, A survey of bank check volume, Journal of Bank Research, Winter (1976), pp. 245–256.Google Scholar
  8. 8.
    American Bankers Association, Bank Card Letter, March (1977), Washington, D.C.Google Scholar
  9. 9.
    Touche, Ross, and Co., New Jersey, unpublished (1976).Google Scholar
  10. 10.
    Payment Systems, Inc., EFTS and Consumer Credit, Atlanta, Georgia (1975).Google Scholar
  11. 11.
    Coopers and Lybrand, New York, New York, unpublished.Google Scholar

Copyright information

© Plenum Press, New York 1980

Authors and Affiliations

  • Allen H. Lipis
    • 1
  1. 1.Electronic Banking, Inc.AtlantaUSA

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