The effect of pricing on demand and revenue in Federal Reserve ACH payment processing /

Because the automated clearinghouse (ACH) has been found to have lower social costs than paper checks, the Federal Reserve has been promoting more widespread use of ACH by lowering ACH processing fees. In this paper we have obtained the first numerical estimates of ACH demand elasticities, a measure...

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Bibliographic Details

Main Author:	Stavins, Joanna
Other Authors:	Bauer, Paul W.
Format:	Book
Language:	English
Published:	Boston : Federal Reserve Bank of Boston, [1997]
Series:	Working paper series (Federal Reserve Bank of Boston) ; no. 97-6.
Subjects:	Clearinghouses (Banking) Federal Reserve banks.
Online Access:	http://www.bos.frb.org./economic/wp/wp1997/wp97_6.pdf