Paving the cowpath – otherwise known as US payments
The future of payments is certainly not a straight line to some kind of electronic, seamless, card or phone based system; not by a long shot, certainly in the US where cheques (checks) rule. However the clearing method has gone electronic with the acceptance of image based depositing. Recent and Long-Term Payment Trends in the United States: 2003 – 2012 | FRB Paper check writing continues to persist as a significant portion of noncash payments, but interbank processing and clearing of these checks are virtually all electronic. As in 2009, almost all checks in 2012 were either cleared by electronic … Continue reading Paving the cowpath – otherwise known as US payments
