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Account-to-account electronic money transfers: recent developments in the United States

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  • Oz Shy

Abstract

This paper reviews recent developments in online and mobile banking in the United States that provide bank account holders with low-cost interfaces to manage account-to-account electronic money transfers. The paper analyzes the emerging decentralized market in which A2A money transfers are becoming available in the United States and compares it with the A2A market in other countries. The paper constructs analytical examples to explain and evaluate the structure of the emerging U.S. market and discusses possible policy actions that may enhance the use of A2A money transfers in the United States.

Suggested Citation

  • Oz Shy, 2011. "Account-to-account electronic money transfers: recent developments in the United States," Public Policy Discussion Paper 11-10, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbpp:11-10
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    References listed on IDEAS

    as
    1. Gautam Gowrisankaran & Joanna Stavins, 2004. "Network Externalities and Technology Adoption: Lessons from Electronic Payments," RAND Journal of Economics, The RAND Corporation, vol. 35(2), pages 260-276, Summer.
    2. Oz Shy, 2010. "Person-to-person electronic funds transfers: recent developments and policy issues," Public Policy Discussion Paper 10-1, Federal Reserve Bank of Boston.
    3. Schuh, Scott & Stavins, Joanna, 2010. "Why are (some) consumers (finally) writing fewer checks? The role of payment characteristics," Journal of Banking & Finance, Elsevier, vol. 34(8), pages 1745-1758, August.
    4. Kevin Foster & Erik Meijer & Scott Schuh & Mike Zabek, 2010. "The 2008 Survey of Consumer Payment Choice," Public Policy Discussion Paper 09-10, Federal Reserve Bank of Boston.
    5. Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521805001.
    6. Scott Schuh & Oz Shy & Joanna Stavins & Robert K. Triest, 2011. "An economic analysis of the 2010 proposed settlement between the Department of Justice and credit card networks," Public Policy Discussion Paper 11-4, Federal Reserve Bank of Boston.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mariotto, Carlotta & Verdier, Marianne, 2015. "Innovation and competition in Internet and mobile banking: an industrial organization perspective," Bank of Finland Research Discussion Papers 23/2015, Bank of Finland.
    2. Claire Greene & Marc Rysman & Scott Schuh & Oz Shy, 2014. "Costs and benefits of building faster payment systems: the U.K. experience and implications for the United States," Current Policy Perspectives 14-5, Federal Reserve Bank of Boston.
    3. repec:zbw:bofrdp:2015_023 is not listed on IDEAS
    4. Mariotto, Carlotta & Verdier, Marianne, 2015. "Innovation and competition in Internet and mobile banking: an industrial organization perspective," Research Discussion Papers 23/2015, Bank of Finland.
    5. repec:bof:bofrdp:urn:nbn:fi:bof-201511261452 is not listed on IDEAS
    6. repec:zbw:bofrdp:urn:nbn:fi:bof-201511261452 is not listed on IDEAS

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    Keywords

    Internet banking; Electronic funds transfers;

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