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Merchant steering of consumer payment choice: Evidence from a 2012 diary survey

Shy, Oz; Stavins, Joanna - 2014

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/10010478884

Who gains and who loses from credit card payments? Theory and calibrations

Schuh, Scott; Shy, Oz; Stavins, Joanna - 2010

Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or cash … average, each cash-using household pays $149 to card-using households and each card-using household receives $1,133 from cash …

Persistent link: https://www.econbiz.de/10010282764

Credit card debt and payment use

Sprenger, Charles; Stavins, Joanna - 2008

cash. The two groups differ in their perceptions of payments as well as in their payment behavior: revolvers are …

Persistent link: https://www.econbiz.de/10010280914

Summary of the Workshop on Consumer Behavior and Payment Choice

Schuh, Scott; Stavins, Joanna - 2008

This paper summarizes and outlines some interesting issues that arose during a recent workshop on Consumer Behavior and Payment Choice, hosted by the Federal Reserve Bank of Boston's Emerging Payments Research Group (EPRG) on July 25, 2008. Topics addressed are the consumer adoption of new...

Persistent link: https://www.econbiz.de/10010282747

The Boston Fed study of consumer behavior and payment choice: A survey of Federal Reserve System employees

Benton, Marques; Blair, Krista; Crowe, Marianne; Schuh, … - 2007

The way people pay for goods and services is changing dramatically, but little data and research on consumer behavior and payment choice are publicly available. This paper describes the results of a survey of payment behavior and attitudes taken by Federal Reserve employees in 2004. Major...

Persistent link: https://www.econbiz.de/10010282767

Why use debit instead of credit? Consumer choice in a trillion-dollar market

Zinman, Jonathan - 2004

Debit cards are overtaking credit cards as the most prevalent form of electronic payment at the point of sale, yet the determinants of a ubiquitous consumer choice - debit or credit? - have received relatively little scrutiny. Several stylized facts suggest that debit-card use is driven by...

Persistent link: https://www.econbiz.de/10010283350

Financial Innovation, Payment Choice and Cash Demand – Causal Evidence from the Staggered Introduction of Contactless Debit Cards

Brown, Martin; Hentschel, Nicole; Mettler, Hannes; … - 2020

We examine how an innovation in payment technology impacts on consumer payment choice and cash demand. We study the … reduction in the cash share of payments and no reduction of average cash demand. Treatment effects on payment choice are … strongest among consumers with an intermediate pre-treatment use of cash. Explorative analyses reveal that effects are largely …

Persistent link: https://www.econbiz.de/10013370147

The use of cash by households in the euro area

Esselink, Henk; Hernández, Lola - 2017

cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area … that can contribute to improving the efficiency of the cash cycle and the payment system as a whole. Previous estimates of … the value of cash usage by households in the euro area date from 2008. Since then some central banks have carried out …

Persistent link: https://www.econbiz.de/10011804704

Subprime consumer credit demand: evidence from a lender's pricing experiment

Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. We were given details of a randomized interest rate experiment conducted by the lender between October 2006 and January 2007. Access to such information is rare....

Persistent link: https://www.econbiz.de/10010273685

Present-biased preferences and credit card borrowing

Meier, Stephan; Sprenger, Charles D. - 2009

Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...

Persistent link: https://www.econbiz.de/10010276781