Stuart Weiner is Vice President and Director of Payments System Research at the Federal Reserve Bank of Kansas City. Among his responsibilities, he advises Federal Reserve policymakers on payments system issues and monitors and evaluates industry trends. He has served as a technical expert for the International Monetary Fund and has collaborated on projects with a number of other central banks. His current research projects include analyzing interchange issues in domestic and international credit and debit card markets, exploring the role of nonbanks in the payments system, and examining central bank payments oversight issues.

Mr. Weiner has published articles and books in several subject areas, including payments systems, monetary policy, and financial markets. His research has been cited in such publications as the Wall Street Journal, the American Banker, the New York Times, The Economist, and Newsweek. Mr. Weiner also has been active in teaching, serving on the faculties of Dartmouth College, Northwestern University, and the University of Kansas. He holds a bachelor's degree in economics and mathematics from Cornell University and a Ph.D. in economics from Northwestern University.

Recent Publications

"Nonbanks and Risk in Retail Payments: EU and U.S.," with Terri Bradford, Fumiko Hayashi, Christian Hung, Simonetta Rosati, Richard Sullivan, and Zhu Wang, Managing Information Risk and the Economics of Security, Eric M. Johnson, ed., Springer Publishing, forthcoming.

"The Federal Reserve's Role in Retail Payments: Adapting to a New Environment," Federal Reserve Bank of Kansas City Economic Review, forthcoming.

"Alternatives to Direct Regulation " Commentary on Alan Frankel, "Towards a Competitive Card Payments Marketplace," Proceedings of Payments System Review Conference, Reserve Bank of Australia and Melbourne Business School, April 2008.

"Nonbanks and Risk in Retail Payments," with staff of European Central Bank and Federal Reserve Bank of Kansas City, Working Paper 2007, Federal Reserve Bank of Kansas City, 2007.

"Nonbanks in the Payments System: European and U.S. Perspectives," with staff of European Central Bank and Federal Reserve Bank of Kansas City; in Nonbanks in the Payments System: Innovation, Competition, and Risk--Proceedings of Federal Reserve Bank of Kansas City International Payments Conference, Santa Fe, New Mexico, May 2007.

A Guide to the ATM and Debit Card Industry: 2006 Update, with Fumiko Hayashi and Richard Sullivan, Federal Reserve Bank of Kansas City, 2006.

"Interchange Fees in Australia, the UK, and the United States: Matching Theory and Practice," with Fumiko Hayashi, Federal Reserve Bank of Kansas City Economic Review, 2006:Q3, pp. 75-112.

"Interchange Fees in Various Countries: Developments and Determinants," with Julian Wright, in Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities? Proceedings of Federal Reserve Bank of Kansas City International Payments Conference, Santa Fe, NM, May 2005, pp. 5-49; reprinted in The Review of Network Economics, Volume 4, Issue 4, December 2005, pp. 290-323.

"Who's Processing Your Payments?" with Terri Bradford. Payments System Research Briefing, Federal Reserve Bank of Kansas City, August 2005.

"A New Era," Payments System Research Briefing, Federal Reserve Bank of Kansas City, March 2004.

Nonbanks in the Payments System, with Terri Bradford and Matt Davies, Federal Reserve Bank of Kansas City, 2003.

A Guide to the ATM and Debit Card Industry, with Fumiko Hayashi and Richard Sullivan, Federal Reserve Bank of Kansas City, 2003.

Recent Speeches

"Nonbanks in the Payments System," Joint American Bankers Association/Federal Reserve Payments System Committee, Washington, D.C., March 2008.

"Alternatives to Direct Regulation," Commentary on Alan Frankel, "Towards a Competitive Card Payments Marketplace," Reserve Bank of Australia Payments System Review Conference, Sydney, Australia, November 2007.

"Nonbanks and Risk in Retail Payments," Reserve Bank of Australia, Sydney, Australia, November 2007.

"Payments System Research at the Federal Reserve Bank of Kansas City," Banc d'Italia, Rome, Italy, November 2007.

"Nonbanks and Risk in Retail Payments," Banc d'Italia (joint with Simonetta Rosati), Rome, Italy, November 2007.

"Nonbanks and Risk in Retail Payments," Joint ECB-Bank of England Conference (joint with Simonetta Rosati), Frankfurt, Germany, November 2007.

"FRB Kansas City -- ECB Study of Nonbanks in the Payments System," Payments System Policy Advisory Committee, Board of Governors of the Federal Reserve System, Washington, D.C., June 2007.

"Recent and Emerging Innovations in Payments Options," Specialized Course on Payments Systems, Federal Reserve Bank of New York, New York, NY, May 2007.

"Nonbanks in the Payments System: European and U.S. Perspectives," Federal Reserve Bank of Kansas City International Payments Conference (joint with Simonetta Rosati), Santa Fe, NM, May 2007.

"The ATM and Debit Card Industry: A View From the Fed," ATM, Debit, & Prepaid Forum (joint with Richard Sullivan), Las Vegas, NV, October 2006.

"Nonbanks' Role in the Provision of U.S. Retail Payment Services," European Central Bank, Frankfurt, September 2006.

"The Transformation of the U.S. Retail Payments System," CUNA Payment Systems Conference, Washington, D.C., April 2006.

"The Transformation of the U.S. Retail Payments System: Developments and Controversies," European Central Bank, Frankfurt, October 2005.

"Global Interchange Fees: Matching Theory with Practice," European Central Bank, Frankfurt, October 2005.

"Global Interchange Fees," Association of Financial Professionals National Convention, San Antonio, TX, October 2005.

"Interchange Fess in Various Countries: Trends and Contributing Factors," Federal Reserve Bank of New York conference "Antitrust Activity in Card-Based Payment Systems," September 2005.

"Interchange Fees in Various Countries: Developments and Determinants," Federal Reserve Bank of Kansas City International Payments Conference, Santa Fe, NM, May 2005.

"The Importance of Nonbanks in the Payments System," NACHA National Convention (joint with Terri Bradford), San Antonio, TX, April 2005.