Resources
See latest resources »
Paper chase

Paper chase

Source: James McGrath, Federal Reserve Bank of Philadelphia

Will online bill payment spell the demise of paper cheques? A discussion paper by James McGrath of the Federal Reserve Bank of Philadelphia.

Today, the rapid growth of online bill payment looks to threaten cheques’ last redoubt. However, bill payment technology is still in its adolescence; the interplay of many stakeholders in the industry, including technology firms, banks, billers, payment cards, and customers, has led to rapid, unscripted innovation in just a few years.

This paper quantifies some of the trends in the industry while addressing the interests and impact of the market’s prime movers in an effort to determine to what extent the displacement of cheques will continue.

Download the document now 213.2 kb (Adobe Acrobat Document)

Comments: (0)

Research resources
See all Research resources »
Payments Modernisation: Co-existence not Competition will Transform Cross-Border Payments
/research

Payments Modernisation: Co-existence not Competition will Transform Cross-Border Payments

Register for our latest webinar with Bottomline on Thursday 3 December 2020 at as industry experts discuss the Payments Modernisation: Co-existence not Competition will Transform Cross-Border Payments

On-Demand Webinar - The Art and Science of Customer Relationships
/research

On-Demand Webinar - The Art and Science of Customer Relationships

Accurately quantifying customer experience can seem an immensely nebulous task. While the benefits of improving this are evident, there is no clear method of measuring it.

Central Bank Digital Currency and Monetary Policy
/research

Central Bank Digital Currency and Monetary Policy

A Bank of Canada investigation into the benefits and costs of issuing a central bank digital currency for monetary policy.