A few years ago that situation began to change, and we now have strong evidence that the faster productivity growth our economy has experienced is in fact due partly to newer technologies. Research by economists Steve Oliner and Dan Sichel of the Federal Reserve Board staff sheds some light on the sources of this faster productivity growth.
While it is satisfying to note that there are new initiatives in payment systems aimed at providing better customer comfort, it is also essential to ensure that these systems are safe and result in overall efficiencies including reduced costs to the common man. How to take full advantage the payment revolution is a challenge. 11.