As the use of mobile payments increases, the role of cash in people’s lives is under examination in America. In this astute article, policy expert Aaron Klein explores recent developments in payment systems and offers some hard realities about their access, costs and benefits. Along with its linked Congressional testimony, this paper provides eye-opening reading for financial professionals and anyone interested in the future of payment technologies.
About the Author
Aaron Klein is the policy director of the Brookings Institution’s Center on Regulations and Markets.