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We are pleased to announce the release of "Government Use of the Payment Card System: Issuance, Acceptance, and Regulation," a conference summary by Payment Cards Center Industry Specialist Susan Herbst-Murphy. This paper summarizes a conference held on July 11 and 12, 2011. The conference explored the reasons why the public sector has adopted payment card options, the benefits that have resulted, and the challenges that must be managed.
You can access this paper on the center's web page at: http://www.philadelphiafed.org/consumer-credit-and-payments/ .
We have also made our quarterly update to the consumer credit and payment statistics.
You can access these statistics on the center's statistics web page at: http://www.philadelphiafed.org/consumer-credit-and-payments/statistics/ .
The Payment Cards Center of the
Federal Reserve Bank of Philadelphia
___________Source: Company press release.