The Future of Consumer Payments
Past Event
The way consumers pay for products and services is dramatically changing, with cash and checks now accounting for less than half of all transactions and falling fast. What payment technologies lie ahead and how will they change the way our economy works?
On September 16, Brookings’s Initiative on Business and Public Policy brought together some of America’s leading experts on the evolution of electronic payments, including David H. McCormick, under secretary for international affairs at the U.S. Treasury Department, and American Express CEO Ken Chenault.
Event Audio:
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Event Materials:
Read the transcript of Chairman Chenault’s remarks »
Read the transcript of Undersecretary McCormick’s remarks »
Agenda
Introductions and Moderators
Robert E. Litan
Nonresident Senior Fellow - Economic Studies
Martin Neil Baily
Senior Fellow - Economic Studies, Center on Regulation and Markets
Keynote Address
Kenneth Chenault
Chairman and CEO, American Express
Panel One
Panel Two
Thomas Brown
O’Melveny & Myers
Nicholas Economides
Professor of Economics, New York University
Drazen Prelec
Digital Equipment Corp. LFM Professor of Management, Massachusetts Institute of Technology
Luncheon Address
David H. McCormick
Under Secretary for International Affairs, U.S. Treasury Department
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