How many cards do you use?

Oz Shy

This paper investigates how buyers allocate their spending among debit, credit, and prepaid cards. Using the 2012 Diary of Consumer Payment Choice, I show that consumers tend to concentrate the majority of their transactions and a large value of their transactions on a single type of card. The paper also investigates whether buyers concentrate their spending on one of the card networks, a behavior known as "single-homing."

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Year of publication:	2013 ; This version: December 31, 2013
Authors:	Shy, Oz
Publisher:	Boston, Mass. : Federal Reserve Bank of Boston
Subject:	payment card use \| choice of payment cards \| multi-homing \| single-homing \| Kreditkarte \| Credit card \| Chipkarte \| Smart card \| Konsumentenverhalten \| Consumer behaviour \| Bargeldloser Zahlungsverkehr \| Noncash payments \| Zahlungsbereitschaftsanalyse \| Willingness to pay