The moderated discussion was led by Richard Corl, an entrepreneur with 25 years of experience in the electronic payments industry. From his perspective as a director of Ecount, a small dollar payments innovator, Corl described a range of challenges and opportunities for innovators in their quest to convert small dollar cash and check payments into electronic transactions. In addition to broad market issues, he described a number of specific emerging applications. This paper is a summary of Corl's presentation.
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Discussion Paper
Innovations in Small Dollar Payments
October 2001
DP 01-06 – On September 25, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on innovations in small dollar payments.