The future of electronic payments must make sure low income citizens now without access to banks aren’t left behind, and one way to do that is for the U.S. government or the Federal Reserve to offer their own versions of bank accounts, according to a new paper from the Federal Reserve Bank of Atlanta.
In the paper made public Wednesday, the authors, one of whom is Atlanta Fed President Raphael Bostic, took aim at the evolving landscape of digital payments and how cash transactions are fading. They said that low income Americans…
