TY - JOUR AU - Rysman, Marc AU - Schuh, Scott TI - New Innovations in Payments JF - National Bureau of Economic Research Working Paper Series VL - No. 22358 PY - 2016 Y2 - June 2016 DO - 10.3386/w22358 UR - http://www.nber.org/papers/w22358 L1 - http://www.nber.org/papers/w22358.pdf N1 - Author contact info: Marc Rysman Department of Economics Boston University 270 Bay State Road Boston, MA 02215 Tel: 617-353-3086 Fax: 617-353-4449 E-Mail: mrysman@bu.edu Scott Schuh West Virginia University Department of Economics 1601 University Ave PO Box 6025 Morgantown, WV 26506 Tel: (304) 293-7869 E-Mail: scott.schuh@mail.wvu.edu M1 - published as Marc Rysman, Scott Schuh. "New Innovations in Payments," in Shane Greenstein, Josh Lerner, and Scott Stern, editors, "Innovation Policy and the Economy, Volume 17" University of Chicago Press (2017) M3 - presented at "Innovation Policy and the Economy 2016", April 12, 2016 AB - We discuss prospects for innovation in consumer payment instruments. We discuss recent research into consumer payments and what can be learned about consumer behavior towards new payment options. We consider three new innovations in payments: mobile payments, faster payments and digital currencies. For each, we describe prospects and impediments to adoption. ER -