Moving Money : The Future of Consumer Payments

Once we paid for things with bills, coins, or checks. Today we pay with 0s and 1sOCodigital entries on credit or debit cards, or electronic messages sent over the Internet. Digital money moves faster, more cheaply, and is more convenient than paper or metal.In Moving Money, noted economists Robert Litan and Martin Baily bring together a group of distinguished analysts to examine this trend toward digital means of consumer payment. How will these new forms of digital money evolve? What impacts will technologies such as wireless devices have on the way consumers pay for goods andservices? What other technologies, now on the drawing boards, await consumers in the future? And what will the consumer payments industry look like as these technologies are rolled out and evolve?These questions and more are the subjects of this important and timely book. Its distinguished contributors include David Evans (LECG), Richard Schmalensee and Drazen Prelec (Massachusetts Institute of Technology), Vijay DOCOSilva and a team of experts at McKinsey & Company, Kenneth Chenault (CEO of American Express), and Nicholas Economides of New York University. Moving Money will be of interest to anyoneconcerned with how our economy really worksOCoat the point where transactions actually take place. It will also serve as an important guide for bankers, economists, lawyers, and students.