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Sunday, November 8, 2009

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Home > Payment Cards Center

Payment Cards Center

The Payment Cards Center provides meaningful insights into developments in consumer credit and payments that are of interest not only to the Federal Reserve but also to the industry, other businesses, academia, policymakers, and the public at large. The center carries out its work through an agenda of research and analysis as well as forums and conferences that encourage dialogue incorporating industry, academic, and public-sector perspectives.

What's new

August 2009

Conference Announcement

The Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia will co-sponsor the fifth in a series of joint research conferences focusing on important issues in consumer credit and payments. The discussion will bring together academic scholars and industry experts to present and discuss the latest research on these topics. The conference will include both theoretical and empirical papers.

Introducing PCC Note

A PCC Note is a short article written by Payment Cards Center staff that highlights current topics related to consumer credit and payments. Like the center's Discussion Paper series, the PCC Note was developed to provide timely information for a diverse audience, including professionals, regulators, consumers, and academics. In the first PCC Note, "The Credit CARD Act of 2009 and Prepaid Cards," (277 KB, 5 pages) Industry Specialist Philip Keitel highlights some provisions of recently enacted federal legislation that will affect the prepaid card industry and outlines the debate over whether prepaid cards should be defined as "monetary instruments" under federal law.

Recent Releases

In Print

The following papers written by Payment Cards Center Industry specialists have been featured in the "Electronic Banking Law & Commerce Report":

• Volume 14, Issue 2. March/April 2009: Philip Keitel's paper, Legislative Responses to Data Breaches and Information Security Failures
• Volume 13, Issue 9. November 2008: Ann Kjos' paper, New Prospects for Payment Card Application in Health Care

Multimedia

Based on the research in Julia Cheney's paper, How Effective Were the Financial Safety Nets in the Aftermath of Katrina?, the Federal Reserve Banks jointly produced the following video, Lessons from a Storm.

This video demonstrates how having a bank account proved to be a big advantage to Hurricane Katrina victims who were trying to get back on their feet and re-establish a firm financial footing.

You can find this video under the "Web Seminars & Videos" section of our "Related Resources" page.