Search Results
Journal Article
Fraud containment
Journal Article
Dr. Frankenstein and the ACH
Journal Article
The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches
To examine the adequacy of existing efforts to prevent, manage, and mitigate data breaches and other fraud in card-based payment systems, the authors conducted 17 interviews of various payment industry participants in 2009. This article documents the insights gained from the interviews, which consider the need for greater cooperation, sharing of relevant information, and innovation to stay ahead of the criminals that perpetrate payment card fraud with increasingly sophisticated methods.
Journal Article
Emergence of immediate funds transfer as a general-purpose means of payment
Immediate funds transfer (IFT) is a highly convenient, certain, secure, and economical means of payment using bank money. IFT is not available in the U.S. banking system, except for large-value business payments, interbank transfers, and specialized financial market transactions. This article examines the successful experience with IFT in Mexico, South Africa, Switzerland, and the UK and concludes that payment system governance is the principal barrier to IFT innovation in the U.S.
Working Paper
Determinants of correspondent banking relationships with the Federal Reserve System
In addition to its central banking responsibilities, the Federal Reserve System also plays an important role in correspondent banking. The twelve Federal Reserve banks supply services, including check collection, wire transfer of funds, provision of currency and coin, and safekeeping of securities to thousands of financial institutions.
Conference Paper
Technology and security policy
Journal Article
The region's BHCs rank high
Journal Article
Clearing and payment systems: the role of the central bank
Working Paper
Interest rate expectations and the demand for short-term business credit
Short-term credit plays an essential part in the business financing process. In view of its importance in the nation's credit structure, the market for short-term business credit receives a great deal of attention from financial analysts.