U.S. Payment System Policy Issues: Faster Payments and Innovation [September 23, 2019] [open pdf - 1MB]
From the Document: "This report examines technological innovation in payment systems generally and particular policy issues as a result of retail (i.e., point of sale) payment innovation. The report also discusses wholesale payment, clearing, and settlement systems that send payment messages between banks and transfer funds, including the 'real-time payments' service being introduced by the Federal Reserve. This report includes an Appendix that describes interbank payment, clearing, and settlement systems related to U.S. payments."
CRS Report for Congress, R45927
Congressional Research Service: https://crsreports.congress.gov/