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The Electronic Payment Industry: Change Barriers and Success Requirements from a Market Segments Perspective

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The U.S. Payment System: Efficiency, Risk and the Role of the Federal Reserve

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Abstract

This chapter treats electronic payments as an issue of technology displacement. Thus, the concerns are product design and development and the creation of a production-sales-support infrastructure. Rather than viewing the automated clearing house (ACH) as an alternative to checks and other contemporary payment mechanisms, we focus on technology displacement for several important segments of the payment market. This chapter considers two broad classes of use: successes, and opportunities yet to be realized, the latter being payment uses, such as corporate trade payments, where there is currently very little transaction volume.

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Authors
  1. Bernell K. Stone
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Editor information

Editors and Affiliations

  1. The Federal Reserve Bank of Richmond, USA

    David B. Humphrey

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© 1990 Kluwer Academic Publishers

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Stone, B.K. (1990). The Electronic Payment Industry: Change Barriers and Success Requirements from a Market Segments Perspective. In: Humphrey, D.B. (eds) The U.S. Payment System: Efficiency, Risk and the Role of the Federal Reserve. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2510-6_2

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  • DOI: https://doi.org/10.1007/978-94-009-2510-6_2

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-7633-3

  • Online ISBN: 978-94-009-2510-6

  • eBook Packages: Springer Book Archive

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