Atlanta Fed's Barron on a viable payments future

- Central Banking staff
- 25 Oct 2005

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In the speech 'Making a commitment to a viable payments future' given on 5 October Patrick Barron of the Federal Reserve Bank of Atlanta said that our payments system is going through a difficult transition. Today, the development of new technology and the rapidly changing needs and expectations of our customers have our industry in a tough spot.

"Yesterday's business models will most likely fail under the pressures of tomorrow. Moreover, the wider scope of our payments operations-shifting from

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