Be willing to acknowledge a wrong forecast and produce a new one. Most people who take note of your forecasts have in any case already forgotten the last one that you made. 5. Remember the assumptions which form the basis of every forecast. They are often so unrealistic that the forecast is also nearly worthless. 6.
Several newer retail payment mechanisms will be added to the existing ones, but the history of automating the retail payments system cautions that evolution is more likely than revolution. The Federal Reserve is actively engaged with the private sector in discussing changes in the payments system.