Description: Conference Overview Progress in Bringing About a More Efficient and Safer Payment System.- I Payment Market Efficiency.- 1 The Electronic Payment Industry: Change Barriers and Success Requirements from a Market Segments Perspective.- Commentary by Michael Urkowitz.- 2 Market Failure and Resource Use: Economic Incentives to Use Different Payment Instruments.- Commentary by Donald R. Hollis.- 3 The Canadian Payment System: An Evolving Structure.- Commentary by James F. Dingle.- Luncheon Address Perspectives on Payment System Risk Reduction.- II Payment System Risk.- 4 Legal and Regulatory Reform in Electronic Payments: An Evaluation of Payment Finality Rules.- Commentary by Hal S. Scott.- 5 Payment Risk, Network Risk, and the Role of the Fed.- Commentary by Robert E. Litan.- III Private and Public Roles in the Payment Mechanism.- 6 The Conflicting Roles of the Federal Reserve as Regulator and Services Provider in the U.S. Payment System.- Commentary by Robert J. Listfield.- Commentary by Gerald R. Faulhaber.- 7 Money, Credit, Banking, and Payment System Policy.- Commentary by Clifford W. Smith, Jr..- Conference Summary An Overview of Payment System Issues: Where Do We Go from Here'.- List of Conference Attendees and Their Affiliations.

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