Can Existing Networks Meet Future Needs?
The Chicago Fed hosted its third payments conference entitled, Can Existing Networks Meet Future Needs?, May 29–30, 2003. Conference speakers were payment industry leaders who provided an insider's perspective on the necessary success factors for electronic supply chain and epayments integration.
This session will trace the evolution of payment innovations and investments. The speaker will highlight successes and failures, consider lessons learned, address how the mind-set of investors has changed since the investment boom of the 1990s and discuss the investment outlook for the future. The reliance of payment innovations on existing networks and/or on the development of new networks will be discussed.
This panel will explore the dynamics and underlying decision-making process for payment investments. The unique opportunities and risks associated with these investments will also be addressed.
This panel will discuss the costs and benefits of using different payment methods. The conflicting incentives among consumers and firms will be addressed.
What challenges are payment networks facing today? This panel will discuss how networks expect to evolve.
This session will discuss the implications of technological innovation for the adoption of electronic payments and the overall efficiency of the payments system. Barriers to innovation noted in the study will also be reviewed.