Innovation in Financial Services and Payments

To examine the driving forces behind the surge of innovation and the adoption of new technology, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia hosted a conference on Innovation in Financial Services and Payments on May 16–17 of this year.

This document provides a summary of the presentations and discussions during the two day conference event. Special thanks to the conference organizer, Robert Hunt of the Philadelphia Fed’s Research Department, and Gabriela Guibourg of the Riksbank and a visitor to the Payment Cards Center for their work in preparing this summary.