Central Banking

Charting an ongoing evolution of e-payments

FEATURE - In her 32 years with the Federal Reserve System, Cathy E. Minehan, the president and chief executive officer of the Federal Reserve Bank of Boston, has heard plenty of talk about the paperless society.

First published in the American Banker, 9 May.

With a recent Fed study on payment patterns showing checks in decline as a percentage of payments, she is more optimistic than ever that electronic transactions are gaining ground. "I think we are on the cusp of a big change," Ms. Minehan said

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