On This PageOctober 2003, No. 194

Can Existing Payment Networks Meet Future Needs? A Conference Summary
Last Updated: 09/11/03

The proportion of retail, non-cash payments made electronically in the U.S. grew from 15% in 1979 to 40% in 2000. A recent Chicago Fed conference addressed the important question of whether today's payment networks can adequately support emerging payment technologies.