Evolution of Consumer Payments
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.
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