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cash or debit card discount, and even fewer were subjected to a credit card surcharge. Transactions at gasoline stations … were more likely to receive either cash discounts or credit card surcharges than transactions in other sectors. Larger …
Persistent link: https://www.econbiz.de/10010791606
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...
Persistent link: https://www.econbiz.de/10010739548
Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently and often have their credit limits reduced unexpectedly....
Persistent link: https://www.econbiz.de/10010938785
of those payment instruments. The reverse is found for more established payment methods — cash, checks, and credit cards …
Persistent link: https://www.econbiz.de/10011027052
We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … United States). Our paper finds cross-country differences — for example, the level of cash use differs across countries. Cash … has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash is …
Persistent link: https://www.econbiz.de/10011027189
The Credit CARD Act of 2009 was intended to prevent practices in the credit card industry that lawmakers viewed as deceptive and abusive. Among other changes, the Act restricted issuers’ account closure policies, eliminated certain fees, and made it more difficult for issuers to change terms...
Persistent link: https://www.econbiz.de/10010744717
from the financial crisis and recession. Cash payments by consumers, which had increased sharply in 2009, did not fall back … but rather grew another 3 percent in 2010. However, the share of cash payments, the dollar amount of cash withdrawals, and … cash holdings by consumers decreased moderately in 2010. Credit card payments by consumers increased 15 percent, reversing …
Persistent link: https://www.econbiz.de/10010747508
This document serves as the technical appendix to the 2010 Survey of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to study the evolving attitudes to and use of various payment instruments by consumers over the age of 18 in the United...
Persistent link: https://www.econbiz.de/10010747509
Given the fundamental role that credit scores play in day-to-day life in the United States, it is very important to understand what can be done to help individuals improve their credit scores. This question is important in general, and especially important for the low-to-moderate-income (LMI)...
Persistent link: https://www.econbiz.de/10011274544
Conventional wisdom asserts that $100 bills are often associated with crime and foreign cash holdings, leading some … commentators to call for their elimination; in light of this proposal, it is useful to examine the legal, domestic use of cash …
Persistent link: https://www.econbiz.de/10011274942