Abstract
The ultimate recipient of benefits from the new technology should be, of course, the consumer. The retail user will have available exotic new money forms which provide greater utility and convenience than ever before at comparable or lower real cost levels. However, a number of important questions are beginning to be asked about the extent to which consumers will promptly receive the promised benefits or whether some are available only at the cost of offsetting trade-offs.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Arthur D. Little, Inc. 1982. Report on the Payments System. Washinton, D.C.: Association of Reserve City Bankers.
Benston, George J. 1984. “Off-Bank” Retail Payments Systems: The Economic Issues. Federal Reserve Bank of Atlanta. Economic Review 69(July/August):6–12.
Berger, Allen N. 1985. Electronic Payments Technology—Can Banks Profit from It? Federal Reserve Board of Governors, October 2.
Berger, Allen N., and D.B. Humphrey. 1986. The Role of Interstate Banking in the Diffusion of Electronic Payments Technology. In C. Lawrence and R. Shay (eds.), Technological Innovation, Regulation, and the Monetary Economy. Cambridge, MA: Ballinger.
Blecher, Maxwell M., and Earl E. Pollack. 1985. The “New Antitrust” Implications for the Practitioner. Antitrust Law Journal 54:43–55.
Federal Reserve Bank of Atlanta. 1984. The Revolution in Retail Payments. Economic Review 69(July/August):4–55.
Felgran, Steven D. 1984. Shared ATM Networks: Market Structure and Public Policy. New England Economc Review (January/February).
Felgran, Steven D. 1985. From ATM to POS Networks: Branching, Access, and Pricing. New England Economic Review (May/June).
Flannery Mark J., and Dwight M. Jaffee. 1973. The Economic Implications of an Electronic Monetary Transfer System. Lexington, MA: Lexington Books.
Humphrey, David B. 1984. The U.S. Payments System: Costs, Pricing, Competition and Risk. Salomon Brothers Center for the Study of Financial Institutions Monograph 1984-1/2, New York: New York University.
Kwoka, J. 1985. Market Power from Horizontal Mergers and Joint Ventures. Unpublished Manuscript, November.
McGrath, J. P., and F. R. Warren-Boulton. 1985. Report from Official Washington Antitrust Law Journal. 54:129–152, 109-115.
National Commission on Electronic Funds Transfers. 1977. EFT in the United States Final Report. Washington, D.C.: GPO, October.
Nilson, H. Spencer. The Nilson Report. Feb. 1985–Aug. 1986, issues 350-385.
Office of Technology Assessment. 1984. Effects of Information Technology on Financial Service Systems. Washington, D.C.: U.S. Congress, OTA-CIT-202, September.
Penney, N., and D. Baker. 1980. The Law of Electronic Fund Transfer Systems. Boston: Gorham Lamont Publishing.
Phillips, Almarin. 1974. Discussion: The Economics of a National Electronic Funds Transfer System. Federal Reserve Bank of Boston, Conference Series#13.
Phillips, Almarin. 1979. Implications of the New Payments Technology for Monetary Policy. In Issues in Financial Regulation. F.R. Edwards (ed.), New York: McGraw-Hill, 269–286.
Reichert, Alan, et al. 1981. Workshop on New Trends in Pricing and Product Development of Correspondent Financial Services. Proceedings of a Conference on Bank Structure and Competition. Chicago: Federal Reserve Bank of Chicago, 221–258.
Rhoades, Stephen A. 1985. Interstate Banking and Product Line Expansion. Loyola Law Review 18, 1115.
Rule, Charles F. 1984. Antitrust Analysis of Joint Ventures in the Banking Industry: Evaluating Shared ATMs. Remarks before the Federal Bar Association, Washington, DC, May.
Schmallansee, Richard. 1981. Output and Welfare Implications of Monopolistic Third Degree Price Discrimination. American Economic Review 71.
Solomon, Elinor H. 1984. Bank Product Deregulation: Some Antitrust Tradeoffs. Economic Review. Federal Reserve Bank of Atlanta 69(May):22–27.
Solomon, Elinor H. 1985. The Dynamics of Banking Antitrust: The New Technology, the Product Realignment. The Antitrust Bulletin 30(Fall):537–581.
Solomon, Elinor H. 1985, EFT and Money Supply. The Bankers Magazine 168(July–August):77–81.
Stevens, E. J. 1976. The Impact of EFT on the Sources and Uses of Member Bank Reserves. Report Prepared for the National Commission on Electronic Fund Transfers, Washington, D.C., November.
U.S. Department of Justice, 1984. 1984 Merger Guidelines. 1, 46 Antitrust & Trade Reg. Rep. (BNA) No. 1169, special supp. June 14.
Walker, David A. 1978. Economies of Scale in Electronic Funds Transfer Systems. Journal of Banking and Finance 2(June):65–78.
Walker, David A. 1980. Electronic Funds Transfer Cost Models and Pricing Strategies. Journal of Economics and Business. 33(Fall):61–65.
Westin, Alan F. 1979. Privacy Aspects in EFT Systems. Issues in Financial Regulation. In F.R. Edwards (ed.), New York: McGraw-Hill, 300–314.
Whitehead, David, 1984. Firms Involved in ATM, POS, and Home Banking: A Survey. Federal Reserve Bank of Atlanta, Economic Review 69(July/August):4–5, 13-19.
Zimmer, Linda F. 1985. ATMs 1984. The Magazine of Bank Administration (May):20-22.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1987 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Solomon, E.H. (1987). EFT: A Consumer’s View. In: Solomon, E.H. (eds) Electronic Funds Transfers and Payments: The Public Policy Issues. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7738-0_10
Download citation
DOI: https://doi.org/10.1007/978-94-015-7738-0_10
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-015-7740-3
Online ISBN: 978-94-015-7738-0
eBook Packages: Springer Book Archive