On This PageOctober 2005, No. 219a

Forces Shaping the Payments Environment: A Summary of the Chicago Fed’s 2005 Payments Conference
Last Updated: 09/22/05

Three main forces—innovations, incentives and regulation—have affected the migration to more efficient payment mechanisms. Though several payment alternatives have been introduced recently, many have not been widely adopted. The Chicago Fed held a conference to explore why certain payment innovations have been more successful than others.