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Offline Payments: Implications for Reliability and Resiliency in Digital Payment Systems

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With the proliferation of digital payments, internet-based technology has been integral in supporting the delivery of these transactions. Traditional digital payments, such as those made with credit cards, debit cards, and mobile wallets, often require an internet connection to settle transactions. Processors must communicate between banks to carry out a payment, relying on internet connectivity to do so.

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  • Laila Aboulaiz & Bunmi Akintade & Hamzah Daud & Monique Lansey & Megan Rodden & Lucas Sawyer & Matthew Yip, 2024. "Offline Payments: Implications for Reliability and Resiliency in Digital Payment Systems," FEDS Notes 2024-08-16, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2024-08-16
    DOI: 10.17016/2380-7172.3456
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/offline-payments-implications-for-reliability-and-resiliency-in-digital-payment-systems-20240816.html
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